A rough idea of what you could get back if a complaint that a credit card was unaffordable is upheld, for example because your limit kept going up while you were struggling. Your statements show the interest and charges each month.
Enter roughly what you paid each month and for how long to see an estimate.
How it’s worked out
- A refund of the interest, fees and charges on the lending that shouldn’t have been given, usually from the limit increase that was unaffordable
- If there’s still a balance, the refund goes towards it first
- On money you’d already paid that comes back to you, 8% simple interest a year is usually added, with basic-rate tax taken off that part
Credit card lenders: Vanquis · Aqua · Capital One · Barclaycard · Fluid · Marbles · NewDay.
Also try the loan refund calculator, or the overdraft refund calculator.