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Credit Card PPI Reclaim Calculator

Most consumers attempt to claim back PPI from their lender because they feel that they were not informed about what a PPI policy actually is, what kind of coverage it provides, its price, and policy repayment guidelines. Because various financial regulators have started recognizing PPI mis-selling as being a widespread issue, claiming back payment protection is becoming less complicated. As long as it's proven that the loan protection coverage was mis sold, either by misinformation or misleading salesmanship, you may be successful in claiming back bank charges. Initiating the payment protection insurance reclaim process is made easy by using the services of a professional claims management company such as Belmont Thornton, Belmont Thornton that has helped tens of thousands of UK consumers to date.

How Common are Payment Protection Insurance Refunds?

Roughly one third of the cases given to the Financial Ombudsman Service (FOS) involve a credit card PPI reclaim. Although payment protection insurance policies can add up to 13 to 56% of the original amount borrowed, only fifteen percent of clients are eligible for benefits. In the final quarter of '09 roughly 30,000 PPI claims were recorded against deceitful banks that were guilty of mis-selling payment protection insurance policies, with about 40% of them pertaining to a credit card PPI reclaim. A significant number of applicants that are having financial difficulties and are desperate for assistance are so anxious about the possibility of being turned down for the loan that they are almost forced to pay more for a PPI Policy.

Credit Card PPI Reclaim Calculator

Initiating a credit card PPI reclaim is as straightforward as completing a claim form provided by Belmont Thornton and utilising a PPI reclaim calculator to determine how much you may be able to receive. Belmont Thornton will provide a free consultation in which we'll comprehensively assess your claim by asking fairly basic questions related to the amount of the loan, loan type, and the creditor that sold the PPI policy. As an example of figures provided by a credit card PPI reclaim calculator, a person that maintains an approximate credit card balance of £2000 each month may be required to pay as much as £40 to £60 monthly (£480 to £720 annually) in payment protection fees alone.

The Advantages of Using Belmont Thornton

Using the assistance of Belmont Thornton helps to take a good deal of the burden off you. Our claims team stays with your claim throughout the entire process and will make every effort to communicate with the lender to ensure a timely response. By using our user-friendly proprietary tools, such as the credit card PPI reclaim calculator, you can begin assessing your case and determining a suitable course of action based on our advice. Consumers who decide to utilise the assistance of Belmont Thornton will be happy to find we work under a no win no fee* contingency, and the entire process of claiming back a similar amount to that provided by the credit card PPI reclaim calculator normally only takes between 6-8 weeks.

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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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