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Credit Card Loan Protection

Credit cards are a major part of today's world. Almost everyone at some point in time has had one in the past or has one now. However, one thing that many people are unaware of is the amount of loan insurance that is incorporated into their monthly payment with each statement. Loan protection insurance is a type of cover that is regularly applied to credit card loans. It is designed to help the card holder make payments if something should happen causing him/her to become incapable of making monthly payments. Things like illness, injury, job lay offs and a series of other events could hinder a cardholder from paying his/her bill each month. Because credit card loan protection is often sold as a part of the credit card loan, many people do not even realise they are being charged for it. This means they may be paying a lot more money than they should be. In fact, at the end of a year it could amount to quite a significant amount!

Is Credit Card Loan Protection Genuine?

Unfortunately, only about 13 to 15% of all people who file credit card loan protection claims for cover are approved. The most frightening part of that statistic is that most of the people who are denied are denied because they never qualified for the cover in the first place. There are a lot of different restrictions applied to credit card loan protection. For example, age is a restriction. No person who is over the age of 65 years old is eligible for credit card loan protection. However, there are thousands of people who are in their 70's being charged for loan protection insurance. This means if one of these individuals files a claim then he/she will automatically be denied as a result of ineligibility. When this occurs it is known as mis-sold PPI. For cases like these, many people hire a company such as Belmont Thornton, Belmont Thornton, to assist them in filing to claim back what is theirs.

What Does a Belmont Thornton Do?

If you are in a situation in which you feel you have been mis-sold PPI or credit card loan protection then you will probably want to get a refund for the money you have paid into the cover. In order to go about doing that, you may need a go between or middle man. It is often difficult to deal with lenders without the services of a professional negotiator. It would be the same as trying to defend yourself in a court of law. A PPI claims management company such as Belmont Thornton has the knowledge and experience to take on your credit card company and successfully negotiate a PPI refund. Not everyone qualifies for a refund, but if you are one of the thousands of people who do, then your chances may increase quite a bit by using a professional claims team. Credit card loan protection claims which are filed by professionals are almost always processed and settled within the legally mandated time and that, in a nutshell, is the benefit of using professionals.


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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 www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ 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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