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Credit Card Payment Protection Insurance Claims

Payment protection insurance has been under fire within the past several years not only because of the way in which it has been mis sold by lenders but also because of the fact that there is very little in the way of benefits in relation to the high cost of the insurance. When combined, misleading sales tactics and little in the way of cover has led to literally millions of payment protection claims for refunds.

While We Were Looking Elsewhere

Government is continually reviewing legislation governing PPI as well as monitoring those financial institutions selling payment protection insurance, but little has been accomplished in certain segments of the lending industry. Credit card payment protection insurance claims are being filed in record numbers and it is estimated that it will only get worse before it gets better. It appears as though while everyone had their eyes tuned to mortgage loans and personal loans, credit card companies were having a grand old time mis selling credit card payment protection insurance to unsuspecting cardholders.

The Mis Sold PPI Litmus Test

If you are unclear as to what constitutes mis sold payment protection insurance on credit cards, there are some generalities that might get you looking in the right direction. Most commonly mis sold PPI would be for one of the following general reasons:

  • You were told qualifying for a credit card depended on carrying PPI
  • You weren't told that PPI was being sold and were simply charged on your monthly instalments
  • The lender or independent producer didn't fully explain any conditions and/or exclusions
  • You weren't asked about pre-existing medical conditions
  • The cost of PPI was not fully explained
  • You weren't told that you had the option to buy cover elsewhere
  • You were asked to opt out rather than to opt in
  • You weren't asked if you had other insurance that provided the same or similar cover

And those are just a broad sampling of what you should be looking for to discern if you had been mis sold credit card payment protection insurance.

What to Do If You Suspect You Were Mis Sold PPI

The first thing you may want to do if you suspect that you were mis sold PPI and eligible to file credit card payment protection insurance claims might be to talk to a specialist claims management company. On your initial consult you will be queried regarding how the payment protection insurance was sold and perhaps take through a series of questions to see if there is any reason to believe you had been mis sold PPI. A claims management company like Belmont Thornton, Belmont Thornton can do so much more, however. Once you verify that your suspicions about mis sold credit card payment protection insurance are true, it's time to talk to the claims team about filing a claim to have PPI refunded.

The claims team at Belmont Thornton can have you headed on the fast track to filing your credit card payment protection insurance claims by getting a claims packet in the post to you within just 24 hours. Take a few moments to call the claims team on 0207 471 2000 to get started on filing your PPI claim today.

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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 B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

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