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Claim My PPI Back

If you've recently discovered that you've been paying for a payment protection insurance (PPI) policy, but are now deemed ineligible for benefits due to the fact that the policy was mis-sold to you by dishonest lender, you may be asking yourself the question "Will I be able to claim my PPI back"? Fortunately, the answer to this question is a resounding yes, as tens of thousands of residents within the United Kingdom successfully receive PPI refunds annually. Although there are an estimated 20 million PPI policies in the UK, hundreds of lenders are forced to refund a growing number of these policies each year.

What Is a PPI Refund?

A PPI refund is the punishment issued by the courts after a judgment is ruled in your favour regarding a PPI claim. When you attempt to claim PPI payments from the lender that mis-sold you the policy you are actually seeking compensation for all of the payments that you've already made towards the PPI. Thus, a PPI refund may include any additional fees, penalties, or interest charges that were associated with or resulted from the policy purchase. In addition to being forced to return the amount that has already been paid towards the policy, some financial institutions have been fined millions of pounds for mis-selling PPI. In most cases, the amount of compensation received from a PPI refund will greatly exceed the amount of money received from a PPI policy claim.

What Do You Need to Claim PPI Back?

Since the money that has been invested in the payment protection insurance policy was rightfully yours to begin with, all you'll need to claim PPI back is the basic details of your loan, including the loan type and size, lender contact information, and how many payments (if any) have already been made towards the policy. If you are unable to provide the aforementioned details, you can still participate in a free consultation with a PPI claims specialist, and a question as simple as "can I claim my PPI back" can be answered in depth, along with invaluable advice on whether or not to pursue the PPI claims process. A good PPI claim company will not pursue a case unless there is a high chance of success, as most work on a "no win no fee" basis.

How Long Does It Usually Take to Claim PPI?

In usually takes about the same amount of time to claim PPI as it does to receive repayment assistance and other benefits from a PPI policy. However, while the chances of receiving assistance through a policy claim are less than 15%, the chances of having a PPI claim against a lender honoured are above 75%. This is primarily due to the fact that several prominent financial authorities in the United Kingdom have revealed the extent of PPI mis-selling through various studies and investigations. As such, it has become much easier for victimized borrowers to reclaim PPI payments within about 2 to 8 weeks.

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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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