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Claim Money Back from Bank

To claim money back from bank, it can be an extremely difficult and intimidating process, especially when you attempt to represent yourself independently. However, many borrowers are having success by hiring a PPI claim company to file a payment protection claim against banks for mis-selling loan insurance policies. In fact, nearly 50,000 UK residents reclaimed funds spent on mis-sold PPI policies during the fiscal year of 2010 alone.

Understanding Payment Protection Insurance Policies

Payment protection insurance (PPI), which is referred to by a slew of various vague terms such as loan insurance or loan protection insurance, is a type of coverage that is supposed to cover repayments in the event that a borrower is unable to do so because of unemployment, illness, or injury. Unfortunately, almost 90% of PPI policyholders to file a claim will be denied benefits after being deemed ineligible by the insurance company, despite the fact that they were persuaded to purchase the policy by their lender. Even more startling is the fact that payment protection insurance companies will nearly always refuse to refund PPI payments despite ineligibility of the policyholder.

Claim Money Back from Lenders for PPI Payments

Fortunately, lenders that have mis-sold PPI policies are obligated to provide a full refund to borrowers, otherwise they'll face repercussions that could seriously affect their business. Although it may be intimidating to claim money back from bank charges when filing a claim against a prominent financial institution, even the largest banks have been fined millions of pounds and have been forced to refund customers' PPI payments in court. In fact, financial authorities and courts have become so accustomed to PPI claims that many of them are honoured in less than four weeks, with minimal effort on behalf of the complainant.

Claim Money Back or Pay Nothing

Since the majority of PPI claims cases are honoured, companies that specialise in reclaiming loan insurance payments are willing to promise that you'll pay nothing unless you're able to claim money back from bank charges caused by PPI. Simply fill out a claim form and include information about your loan type, size, and lender, and a PPI specialist will determine whether or not your case is worth pursuing. If it is the claims process will begin within 24 hours and you should receive a full PPI refund within an average of 4 to 8 weeks. Unlike fees charged by other companies, those earned by a PPI claims company will be reflective of the amount they are able to claim back for the client. In other words, a PPI claim company will work diligently to ensure that you receive a maximum claim amount, as the amount received affects their earnings as well.


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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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