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According to the latest news, the High Court has ruled against lenders in their attempt to appeal previous rulings regarding time limits on payment protection insurance claims. When the FSA (Financial Services Authority) gained jurisdiction over PPI and PPI claims in 2006, the government also mandated that there were no time limits in regards to when claimants could file for PPI refunds on mis sold loan protection insurance. Because you can claim your loan PPI refunds as far back as a decade, lenders were disputing the fact that the FSA had any say in the matter to claims that predated their authority. This was the grounds for their appeal which they eventually lost. Now you can safely claim your loan insurance charges that were mis sold and lenders will need to, by law, review every claim submitted to them.

How High Court Ruling Affects PPI Claims

Of course it is now understood that lenders will need to review each claim on its own merits to determine whether or not the claim is valid, but the problem stems from what happened whilst they were awaiting the High Court's ruling. It appears as if many lenders were not processing claims because they were confident the new ruling would go in their favour. It did now, as we know now, and they have built a backlog of claims that are yet to be reviewed. This has no impact on whether or not you can claim your loan PPI refund but it may mean that you will wait longer for the lender to reach a decision. Even though they were ordered to review claims timely, this did not happen. You will also need to take into consideration the time it may take to bring your claim through appeals if the lender denies your claim. The bottom line is that the only impact the High Court ruling should have on your claim is in terms of the time it takes to get an answer.

Expediting the Process

When you want to claim your loan insurance refund, there is a way to make sure every step is taken expeditiously. A professional PPI claims management company that does nothing but process claims on behalf of consumers can expedite the process by making sure every aspect is handled with due diligence and in a timely manner. All supporting documentation will be gathered prior to submitting the claim and professional claims specialists will maintain contact with lenders throughout. They have also been well versed in the art of negotiating settlement so that both parties can agree with the outcome of the claim. However, don't choose just any claims management company when you want to claim your loan payment protection refunds because it is important to check their credentials as well as their track record of success.

Belmont Thornton is registered with all the proper authorities such as the Ministry of Justice, the Information Commissioner's Office and the Office of Fair Trading. Since there are no upfront fees and they only work on a no win no fee basis, you can be sure that when they claim your loan insurance refund they will do everything in their power to win your claim. When you win, they win.

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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.

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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