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Store | Credit Cards Mis-Selling Advice – Do You Have A Claim?

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Post: Store | Credit Cards Mis-Selling Advice – Do You Have A Claim?

Introduction

Store and credit cards can be mis-sold in ways that leave consumers with unexpected fees and high-interest debt. Understanding the signs of mis-selling can help individuals determine if they have a claim.

Mis-Selling Issues

Mis-selling of store and credit cards can occur in various ways, including:

  • Failing to explain interest rates and repayment terms.
  • Forcing consumers to take additional insurance or services.
  • Providing misleading information about card benefits.
  • Offering credit limits that are unaffordable.

Do You Have a Claim?

You may be eligible to make a claim if:

  • You were not given full details about fees and interest rates.
  • You were pressured into taking a store or credit card.
  • You were not properly assessed for affordability.
  • Your card came with hidden charges or unwanted services.

Preventing Future Issues

To protect yourself from mis-sold store and credit cards, consider the following steps:

StepAction
Read Terms CarefullyAlways check fees, interest rates, and repayment conditions.
Challenge Mis-SellingFile complaints with the financial ombudsman if misled.
Use Credit ResponsiblyOnly borrow what you can afford to repay.

Understanding your rights and staying informed can help you avoid financial pitfalls and ensure fair treatment when using store and credit cards.

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In this guide

Financial Claims Experts

Welcome to our latest news page.  You'll find all the latest Credit and Store Cards advice and updates on holding lenders to account.

✔ How this forum works

It’s important you are clear on the purpose and limitations of the site. We’re an information sharing website, aiming to help people who may have been mis-sold financial products. We base our information on over 20 years of experience in financial services and claims sectors, but we can’t guarantee our insights are perfect for everyone. So do note you use the information at your own risk and we can’t accept liability if things go wrong.

  1. This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  2. We don’t as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it’s rarely made public until it’s too late (see the Section 75 guide for protection tips).
  3. We often link to other websites, but we can’t be responsible for their content.
  4. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first.
  5. Always remember anyone can post on the Mis-sold Finance Guy forums, so it can be very different from our opinion.