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Client Money Protection Insurance

If you have been mis-sold a client money protection insurance policy along with a business loan or credit card under the premise that it would provide repayment assistance despite the fact that you were ineligible for cover, you may want to file a PPI claim against your lender. Many private lenders, financial institutions and credit card issuers in the UK have begun offering client money protection insurance despite the fact that it does not provide protection for the majority of their clients. Your policy was mis-sold if the lender fails to disclose important information about the terms and conditions, or persuasion into believing that the policy is necessary for loan approval.

How Much Can a Client Money Protection Insurance Refund Be Worth?

It is important to note that the amount of money received when you client money protection insurance payments will be greater if the policy was paid for by a one-time premium than if it were financed by recurring payments. Nonetheless, small monthly repayments can be just as financially burdensome as a one-time PPI premium. Although mortgages usually have a much higher loan value than other types of loans, payment protection policies account for approximately 0.01 to 0.04% of the overall mortgage value on average. While the exact amount that can be received from a client money protection insurance refund will vary dependent upon on the loan size and policy premium, with the help of a qualified PPI claim company like Belmont Thornton you can receive full reimbursement for the overall cost of the PPI policy, as well as any penalty charges that may have resulted from the additional financial burden of the policy.

Client Money Protection Insurance Claims

If you were mis-sold a PPI policy there is not much recourse that can be taken to receive repayment assistance other than reclaiming PPI with the assistance of Belmont Thornton. The average amount reclaimed by Belmont Thornton is approximately £3000, however larger loan amounts usually have more expensive PPI policy premiums. If the client protection insurance policy was sold as a part of a loan with lesser value, the borrower will still receive full compensation in a lump sum. Since 2006 there have been a significant amount of UK citizens filing payment protection claims and attempting to reclaim bank charges caused by PPI from private lenders, financial institutions, mortgage brokers, and credit card companies that mis-sold payment protection insurance (PPI) policies to uninformed and/or ineligible borrowers.

How much does it cost to reclaim client money protection insurance?

Considering the fact that the majority of policy claims are denied by insurance providers, if you have recently experienced a scenario that caused you to default on your loan payments, and have been unable to receive assistance from the insurance company, the best course of action would be to attempt to recover bank charges caused by PPI payments and use them to make repayments towards the loan. Belmont Thornton will not charge anything upfront to provide advice on the PPI claims process, and you'll not be charged a penny unless you are able to reclaim all bank charges caused by PPI.

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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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