Belmont Thornton Logo
Claim Back Loan Insurance

Bank Charges Complaints

Although payment protection insurance has been around for more than a decade now it wasn't until around the year 2004 or 2005 that the Citizens Advice Bureau became actively involved in all of the bank charges complaints that were pouring in due to lenders misselling PPI. As these complaints continued coming in someone stood up and noticed and then filed a major complaint with government to do something about the situation. Now more and more consumers are aware of the fact that lenders from literally every area of the industry may have mis-sold PPI so they are on the lookout and whenever necessary filing bank charges complaints with the lenders themselves and of course with a number of consumer advocate groups.

What Became of Those Initial Bank Charges Complaints?

Whilst we know that the Citizens Advice Bureau was largely responsible for raising consumer awareness we are still wondering what became of all those initial bank charges complaints. Actually, government took notice and initiated new legislation which would govern how payment protection insurance was sold and when and how payment protection insurance claims should be paid. Also, those initial bank charges complaints served another purpose in that was to raising awareness that there needed to be one entity in charge of payment. protection insurance, how was sold and how claims are settled. The governing body chosen was to be the Financial Services Authority, FSA.

What Needs to Be Done in the Future

The idea is good but the insurance itself is often poorly designed. Those who really could benefit by the cover have no cover and those who can afford it don't need it. Of course it's not only cost that's involved, but it is the fact that there are so many exclusions that many people would never be eligible to receive any benefit from it. For instance, it is not available to those who were self-employed, temporarily employed, unemployed, senior citizens and having been diagnosed with any conditions that have the potential to keep that person out of work in the future. In other words pre-existing conditions are never covered. If a lender mis-sells PPI by misrepresenting the cover then consumers are entitled to file for payment protection refunds and are encouraged to file bank charges complaints with the proper authorities.

If you feel that you have been mis-sold loan protection insurance then it is within your rights as a UK consumer to file a complaint with the proper authorities and to seek a refund of mis-sold PPI. Belmont Thornton as a team on hand to talk to you about any concerns you may have or to answer any of your questions. If you choose to file through the company you will notice that they have a no win no fee* policy which means that you will not be charged unless they are successful in winning back bank charges for you.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

Belmont Thornton Limited is regulated by the Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide