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Claim Back Bank Charges Letter

When filing a claim against the lender for having mis-sold payment protection insurance many people feel that a claim back bank charges letter will be sufficient to get the money back. In most cases they will really have a fight on their hands as lenders do not willingly part with any money even if it is money they shouldn't have had in the first place. In reality, filing a payment protection claim is a lot more involved than just writing a simple claim back bank charges letter. There are so many things you have to take into consideration besides just writing a cover letter which include stating why you feel PPI was mis-sold, the amount of money due back to you as well as the need to include any supporting documentation.

What Is the Purpose of a Claim Back Bank Charges Letter?

There are a couple of times in which a claim back bank charges letter could be important. Whilst it isn't sufficient in terms of filing a claim it would be necessary for those times after you have submitted a claim and have not heard back from the lender. Also, there may be times when you want to amend information within the claim. However, there usually isn't a time when a simple claim back bank charges letter would be all that would be needed. After all, your lender did take a significant amount of money from you in mis-sold payment protection insurance and it will take some amount of calculating to determine just how much needs to be paid back. This is why in most cases a formal claims procedure is warranted.

In Lieu of a Claim Back Bank Charges Letter

Since it has already been determined that writing a claim back bank charges letter is just the tip of the iceberg sometimes it is better just to forgo it altogether and utilize the services of a PPI claims management company. These companies are in business to help consumers settle claims and of course they get a fee but the point is this is all they do. They are proficient in filing claims and negotiating with lenders to get the best settlement possible before taking the claim to appeals. Should it become necessary to take a claim all the way to the Financial Ombudsman Service for an appeal they will even do that as well.

Belmont Thornton is registered with the Ministry of Justice and as a team of professional claims specialists on hand to handle virtually any claim that comes in. One thing you can be certain of work from the very start is that they will not take a claim if they do not feel it is well-founded. Some companies will take your money irrespective of the fact that there are no grounds to file a claim against the lender. Belmont Thornton doesn't even take a fee for the initial consultation and will continue working on a no win no fee basis. Anyway you look at it it's a win-win proposition.


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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 B16, 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.

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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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