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Charged Payment Protection

Mis sold PPI is altogether too common in the UK at the moment and it is being talked about all over the media, even receiving attention from several different sectors within the government. PPI is the abbreviation for payment protection insurance. Unless you have been out of the country in recent years then you are probably well aware of what it is. Basically it is something that lenders push on you whenever you take a loan of any kind. It is supposed to be cover that will pay your monthly loan payments if you should become unable to for stated reasons. The problem is, it really doesn't work that way. More than 85% of everyone who is charged payment protection is truly unqualified for it. This means that they do not meet the requirements for the cover. Yet this does not make a bit of difference to lenders. Mis sold payment protection is more abundant than properly sold payment protection and in our opinion that is very sad indeed.

What to Do If You Are Charged Payment Protection without Realising It

This is the most obvious case of mis sold PPI. If you find that you are being charged payment protection insurance that you were never even aware you had then you have the right the file a claim against the lender who sold it to you. The solution is to contact us here at Belmont Thornton and allow us to help you file a claim. We specialise in assisting people with their PPI claims and have helped thousands of people get back charged payment protection money that they have wrongly paid. The first thing you should do when you notice there are charges for payment protection on your loan is immediately stop paying them! After this you can start the claims process to get your money back that you've already paid but to continue paying that charge would be ludicrous.

What If Your Initial Claim Is Denied?

Do not be alarmed if your first claim is denied. This is to be expected as lenders are very reluctant to return money and they are the ones to evaluate the initial claims. The good news is the entity that reviews the appeals, the FOS or Financial Ombudsman Service has been approving them at the rate of about 90%. This means that even though you have been denied your initial claim you are much more apt to get your money back in the appeal. Of course there is no guarantee that everyone who files will be given a PPI refund for charged payment protection but there is certainly reason to be hopeful, if you've been mis sold PPI.

The most important thing is that you act quickly. Most initial claims can take anywhere from two to eight weeks. If there is to be a denial then it may take even longer. The point is that you are entitled to your money back if you've been wronged in some way or misled by your lender.


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Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ 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.

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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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