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Claim Back Loan Insurance

Claim Loan Protection Back

Loan protection insurance, also referred to as payment protection insurance (PPI), is commonly included as an additional charge with home loans, personal loans, business loans, and credit cards. Lenders use deceitful tactics and persuasive techniques to convince borrowers of the necessity or advantages of a PPI policy, in an attempt to earn a commission for selling the policy, while also increasing the overall loan amount to earn additional interest. Sadly, most policyholders don't realize they've been scammed until they attempt to file a claim against the policy and are denied because they are ineligible for benefits. After being turned down by the payment protection insurance company, filing to claim loan protection back (reclaiming PPI) from the lender may be the only logical course of action.

Recognizing PPI Bank Charges

While some lenders will charge the cost of the PPI policy as a one-time fee upon loan signing, others will add the cost of the policy to the total loan amount, and some will even force you to pay for the policy slowly by charging small recurrent monthly fees. Any suspicious bank charges that originate from your lender should be investigated, and you should never hesitate to inquire about the purpose of a charge. While it is possible that spiteful lenders will attempt to damage your credit score by filing negative items on your credit report, you can minimise the chances of this happening by contracting the skills of a PPI attorney when attempting to claim loan protection back.

Claim Loan Protection Back in Less Than Two Months

The less than 15% of PPI policyholders that are actually given benefits after filing a claim usually have to wait 1 to 2 months to receive even the slightest repayment assistance. Contrarily, more than 75% of individuals that file a claim against the lender for mis-selling the PPI policy will receive a full refund in less than eight weeks. Thus, even if you have not yet attempted to file a claim against the PPI policy, it may make more sense to try to claim loan protection back than to hope that your policy claim will be amongst the relatively few that are honoured each year.

Pay Nothing Unless You Can Claim Loan Protection Back

Luckily, you won't have to make a significant investment to claim loan protection back, and a good PPI attorney will not ask you to pay a single dime until your lender provides a full refund for the entire cost of the policy. In addition, a PPI attorney will do their best to ensure that you receive the maximum claim amount, and will even attempt to receive a refund for interest payments and surcharges that are associated with the PPI policy. In fact, the more money you receive from the lender, the higher the PPI attorney's percentage commission will be, so it is not surprising that a PPI claim company strives to claim back loan protection payments in full every time.


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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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