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Claim Back Loan Insurance

Claiming Loan Money Back

Claiming loan money back has become a key issue amongst those who feel they have been mis sold payment protection insurance and as a result an increasing number of consumers have come to Belmont Thornton for advice on how to file against their lenders. The first order of business is usually to get to the root of the problem by determining just how PPI (payment protection insurance) was mis sold and once this has been established the claims team can begin work in earnest.

Misconduct Grounds for Filing Mis Sold PPI

According to the Financial Services Authority which has been given jurisdiction over payment protection insurance, there are codes of ethics which must be adhered to when selling this type of cover. Claiming loan money back is the result of lenders bending the rules, either knowingly or inadvertently, to sell loan protection to borrowers. The rules of ethical business conduct demand that lenders disclose to prospective policyholders all the conditions and exclusions within a PPI policy and that the borrower should only be asked to purchase cover when the insurance is fully understood. Failing to do so can, and most often does, result in mis sold payment protection claims. Proving misconduct justifies claiming loan money back that was paid toward this mis sold cover.

Talking to Your Claims Specialist about What to Expect

If you have any questions regarding reclaiming PPI The PPI Claims Company's team is always on hand to help. Whether you are concerned with how much you will net when claiming loan money back or simply how long the process is likely to take, a member of the team will have answers for you. Although there is no way to determine exactly how long the process will take because of extenuating circumstances, many claims are settled in just 8 weeks. This has been the average. As to how much you will net when claiming loan money back, that often depends on the age and size of the loan and the PPI policy attached.

What Happens If My Claim Is Denied?

This is the best benefit of working with Belmont Thornton,Belmont Thornton. Filing for a review with the Financial Ombudsman Service would be the next stop in claiming loan money back but it can also be the most harrowing. It means more forms to be filed, paperwork to compile and of course further documentation to have at hand. The claims team are always on hand if you have any concerns about what happens at this juncture.

One thing you can be comfortable in knowing is that Belmont Thornton has brought tens of thousands of claims through to successful closure. You can speak with our claims team today with any questions you might have regarding your payment protection policy and how to begin claiming loan money back. Call us on 0207 471 2000.

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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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