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Calculate PPI Claim

People are more aware than ever when it comes to mis sold payment protection insurance on their loans and credit cards. Many of us are aware of this racket because of UK lenders who have been brought to justice and have had to pay back millions of pounds to borrowers who were mis sold PPI. If you live in the United Kingdom you may be entitled to a PPI reclaim refund if you have taken out a loan or have had a credit card loan in the past six years and a payment protection was added to it. Many of us still want to know how much we will reclaim in the event that we were mis sold payment protection insurance. There are easy PPI calculators online to help us calculate PPI claim.

How Do I Calculate PPI Claim?

The answer to this question can be quite difficult if we do not have the correct information about the loan or loans. Hopefully, you have the information on the loan and with this can easily go to the internet and use the online PPI calculator on Belmont Thornton's website to give you a general idea of how much you may reclaim. Some of the information needed will be the amount of the original loan, and how much of a percentage you are being charged for the payment protection. Also the duration of the loan as well as how many of those months are you being charged for payment protection insurance will need to be considered. You will need to know the total payment protection insurance premium cost in order to calculate PPI claim.

PPI Rates Vary

The rate that is being charged varies but in many cases the rates can easily be up to fifty percent of the amount of the loan. In other situations people are generally being charged anywhere from five percent to fourteen percent interest rates on the loan. Keep in mind that some people have more than one loan and can make claims on all of them. You can also keep in mind to make your family members and friends aware of this racket because it is quite possible that this information could prove itself helpful to them as well.

PPI Claims Specialists

PPI claims can be an easy process as long as you consider the fact that with the help of PPI reclaim specialists you can more confidently claim money that is rightfully yours. Remember, Belmont Thornton, a company who specializes in PPI claims, will help reclaim your mis sold PPI with no upfront cost to you. It would be unwise not to use a company like this, especially when facing high street banks and lending companies and their solicitors.

We at Belmont Thornton help you to calculate PPI claim amount, taking some of the guess work out of the process. We also have a payment protection insurance claim estimator right here on our website. This will also give you some perspective to how much you can expect from your refund.

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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.

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* 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.

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