Belmont Thornton Logo
Claim Back Loan Insurance

Claim Back Unfair Bank Charges

Misselling PPI is always unfair to the consumer because the either didn't know they were buying and insurance product when they took out a loan, didn't want PPI or were misled into believing it provided more cover then it actually could. Sometimes consumers didn't qualify for PPI right from the very beginning but were sold the insurance anyway. Other times lenders simply added it to a policy without making the borrower aware that they were going to be purchasing a payment protection insurance policy. No matter how you were mis-sold PPI the government says you can file a claim to claim back unfair bank charges.

Loan Insurance and Unfair Bank Charges

If a lender knowingly mis-sells loan insurance, the borrower is entitled by law to claim back unfair bank charges. Sometimes it is a long drawn out process if paying for that mis-sold loan insurance caused extreme hardships for the borrower. Other times a PPI claims company can help you claim back unfair bank charges by filing the claim on your behalf. In any event, any time you have been mis-sold PPI it is unfair so to say that you can claim back unfair bank charges is rather redundant in that most loan protection insurance is unfair. How can an insurance product that provides no cover or at best relatively little cover be considered fair act any time? Needless to say it's probably arguing semantics but you still can claim back unfair bank charges because the government says you can. Perhaps that is the brightest light in this entire mess, this PPI scandal that is infiltrated the lending industry within the past decade.

Some PPI Claim Back Statistics

When filing to claim back unfair bank charges there are some statistics that may help you decide how you should be filing that claim against your lender. Most people choose to use a PPI claims company simply because of these statistics. Did you know that of all the people who are filing claims against mis-sold PPI lenders are only approving roughly 15% of the claims they review. That means that 85% of those people are being denied a refund on mis-sold PPI. What happens to that other 85%? Those people need to file an appeal with the Financial Ombudsman Service who then will most likely approve 90% of the appeals presented to them. In other words, most consumers who file to claim back unfair bank charges are winning either in the initial stages of the claim or in the appeals portion.

If you feel that you have been mis-sold payment protection insurance and would like to claim back unfair bank charges talk to a professional claims management company before filing a claim. You may just find that it is far better to utilize the services of professionals than it is to try to fight for your money back on your own. Belmont Thornton as a staff of professional claims specialists who can take your call and talk to you about what your options are in filing a claim. The company only operates on a no win no fee basis injure initial consultation is free. To speak with a claims representative call 0207 471 2000.


Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
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 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.

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