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Claim Back Loan Insurance

Claiming Back Loan Charges

As it stands there are already way too many loan charges that we need to contend with. There are closing costs, origination points, finance charges, title insurance, interest rates, taxes and the list goes on and on. To make matters worse, lenders in the UK have been misselling expensive payment protection insurance and tacking the entire cost of the policy onto the loan at closing as a one-time premium. What this boils down to is a loan that costs more than half again what it was meant to be and no real cover to show for all that money. Claiming back loan charges is perhaps the only way to get back money you should have never been asked to pay. Remember, once you sign the original loan docs you can't just stop paying a portion of each instalment because you will surely default on the loan. The only way to go about claiming back loan insurance is to file a formal claim against your lender.

The True Cost of Mis Sold Payment Protection

When you take a good long look at the true cost of mis sold payment protection you will probably be dumbfounded that this scandalous practice was allowed to go on for as long as it has. Consider the fact that loan insurance can cost as much as 20 to 60% of the amount of your loan which is why successfully claiming back loan insurance provides some amount of satisfaction. Even if you need to pay a small percentage to a PPI claims company for representing you in your claim, it is a small price to pay when you consider just how much you will be getting back as a mis sold PPI refund. As well, you need to factor in the cost of all that interest you have been paying on loan insurance and the victory will be all the sweeter.

Getting Help Claiming Back Loan Charges

Whilst there is no way to claim back high interest rates on the actual loan amount, claiming back loan charges can enable you to get a refund on any money you paid into mis sold PPI as well as interest on that amount. So many people approach this from the wrong direction once they have discovered that they have been scammed into purchasing costly loan insurance. They simply feel they should stop paying instalments until their claim is won. This is not suggested because until you have substantiated that you were indeed mis sold PPI then you have the legal obligation to continue making loan payments. Claiming back loan protection needs to be accomplished through legal channels and that is the claim process. You can contact Belmont Thornton to speak with a member of the claims team to get help with claiming back loan charges.

Belmont Thornton, Belmont Thornton, is registered with the Ministry of Justice and is licensed to do business in the UK as they are registered with the Office of Fair Trading. You will be getting the very best in customer service and your information will be secure as they are also registered with the Information Commissioner's Office that oversees how private/sensitive info is handled. To get your claim under way, call the claims team today and file your claim for mis sold PPI with a company that works on a no win no fee basis and where winning is the name of the game.

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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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