Consumer Money Matters PPI
It is unfortunate that there are so many people in the UK who make it a habit of preying off others to make a profit, albeit an unethical and sometimes illegal profit. However, no matter how seriously we take this situation, consumer money matters PPI is taking front and centre stage at the moment. Lenders are still blatantly misselling PPI to UK consumers and consumer advocate groups such as the Citizens Advice Bureau are making major investigations into consumer money matters PPI, in terms of how it is mis sold and what lenders are doing about refunding money when claimed.
Consumer Money Matters PPI Investigations
Actually, the Citizens Advice Bureau is not the only group to investigate the mis sale of PPI as the Panorama on the BBC also recently had a show on mis sold PPI. The episode detailed underground reporters that were sent into high street banks to get a closer look at consumer money matters PPI and how lenders were still forcing it upon unsuspecting potential borrowers. It came as no shock that lenders were still grossly misrepresenting financial products to make a profit without giving due consideration to the wants and needs of the consumer. Even though great strides are being taken to resolve the issue, in consumer money matters PPI is still being mis sold. There is a bright side however as consumers are able to file payment protection insurance claims to get a refund on PPI that was mis sold.
Consumer Money Matters PPI - Claiming Back Mis Sold Cover
It is the right of every UK consumer to file a claim with the lender for a full refund of premiums and interest that has been paid into mis sold PPI. If it can be substantiated that the lender mis represented cover, mis sold it or even added it to a loan without the borrower's consent and/or knowledge, the consumer has a legal right to have his or her money refunded. Whilst no two claims are alike, the average payment protection claim is generally around £3,000, give or take a few hundred. Some claims yield many thousands of pounds while others are much smaller. As well, some consumers were sold multiple PPI products on an assortment of loans so they have several claims to file. The important point is that in consumer money matters PPI is to be refunded if it was mis sold.
So many consumers are intimidated by powerful high street banks that they are almost afraid to ask for their money back. Whether they are afraid the loan will be defaulted or they don't want to ruin their chances for future loans, they simply are fearful of asking for a refund. This is where Belmont Thornton, Belmont Thornton can help. We have successfully filed thousands of claims for UK consumers, many of which were against the big six high street banks! If you feel you have been mis sold PPI and would like help claiming back premiums and interest, call the claims team today on 0207 471 2000. You can't get that money back unless you claim it, and that's what we are here to help you do.
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