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Claim Back Loan Insurance

Claim Loan Insurance Back

Many lenders attempt to convince borrowers that loan insurance is not only beneficial, but even necessary or mandatory for loan approval. Some even convince clients that the type of payment protection insurance (PPI) policy purchased will actually affect the total amount that can be loaned. In truth, borrowers are not obligated in any way to purchase insurance policies for their loans, and lenders that use such deceitful tactics to mis-sell PPI policies are to be held liable for a full refund. Shockingly, the majority of loan protection insurance plans in the United Kingdom are actually mis sold PPI policies, which is why the majority of claims filed against dishonest lenders and credit card companies are honoured.

Recognizing Mis-Sold Payment Protection Insurance

The first sign of a mis sold payment protection insurance policy can usually be seen upon loan signing, as this is typically when lenders will attempt to convince borrowers of the necessity or benefits of the policy. However, in some cases they will fail to mention the policy or its terms and conditions completely, making it so the borrower would have to closely review their monthly loan statement or the loan contract to discover the PPI policy. Of course, given the low rate of claims honoured by payment protection insurance companies, it's not surprising that 50,000 UK residents attempted to claim insurance back last year alone.

Understanding PPI Eligibility

In order to be eligible for payment protection assistance you need to be under the age of 65, have no pre-existing medical conditions, not be enrolled for any type of full-time education, and your reason for being unable to make repayments cannot be due to missed work caused by emotional, psychiatric, or personal issues. In other words, if you missed work for any of the aforementioned common reasons you'll be unable to receive benefits from the PPI policy, and would have to claim insurance back to receive some type of assistance in the form of compensation.

Claim Loan Insurance Back with Zero Stress and Minimal Effort

With the assistance of a PPI claim company you can claim loan insurance back without having to deal with the stressful process of contacting lenders and financial authorities. A good PPI attorney is accustomed to dealing with private lenders, prominent financial institutions, and credit card companies, and will therefore know who to contact and how to represent your case in order to facilitate an expeditious claims process. If you were to attempt to file a PPI claim independently not only would the process require more effort and time spent on your behalf, your chances of success would also be significantly lowered. Fortunately, a professional PPI claim attorney will not charge you for their services unless you're able to receive adequate compensation for the mis-sold PPI policy.

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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 number 18273

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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