Belmont Thornton Logo
Claim Back Loan Insurance

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.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
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 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.

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