Recovery
In order to recover charges imposed by the banks and credit card companies, many customers have filed cases with the small claims court. In England and Wales, customers can claim back money that has been taken from their accounts up to 6 years ago, in line with the Limitation Act. Theoretically, a claimant may be able to claim back charges incurred longer than 6 years ago if he can demonstrate he was unaware that the company was acting unlawfully, though this has yet to be tested in a court. In Scotland, the limit is up to 5 years.
So far, no bank or credit card company has ever turned up to defend itself in court at an actual trial, save one occasion by NatWest, preferring to settle out of court, often days before the case is about to be heard.
Read more about this topic: UK Default Charges Controversy
Famous quotes containing the word recovery:
“With any recovery from morbidity there must go a certain healthy humiliation.”
—Gilbert Keith Chesterton (1874–1936)
“It’s even pleasant to be sick when you know that there are people who await your recovery as they might await a holiday.”
—Anton Pavlovich Chekhov (1860–1904)
“Walking, and leaping, and praising God.”
—Bible: New Testament Acts, 3:8.
Referring to the miraculous recovery of a lame man, through the intervention of Peter.