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Data Protection Insurance

Research conducted by the Financial Services Authority (FSA) in '07 showed that about 95% of the policies that were reviewed could be considered mis sold PPI. Payment protection insurance (PPI), also commonly referred to as data protection insurance when referring to privacy agreements, is a type of policy that is usually sold by financial institutions, brokers, and credit card companies. Mis-sold data protection policies are usually pushed by lenders that want to earn hefty commissions, and the Financial Services Authority (FSA) found that some companies even depend primarily on profits that are generated by data protection insurance policies.

When Are Data Protection Insurance Policies Considered to Be Mis Sold?

A PPI policy is considered to be mis-sold when the lender fails to inform the borrower of the policy's terms, conditions, costs, and coverage requirements. Furthermore, it is considered mis sold PPI if a lender convinces the borrower that it is mandatory for loan approval, or that not purchasing the PPI policy could lower the overall loan amount. Unfortunately, many consumers that are having financial difficulties are so worried about the possibility of being denied for the loan that they are willing to pay extra for a data protection insurance policy without thinking twice. Consumers that believe they were involved in a similar scenario, may want to consider pursuing PPI refunds with the proven services of Belmont Thornton.

What Needs to Be Done to Receive a Data Protection Insurance Refund?

Since the amount earned by Belmont Thornton depends on the amount you're able to receive, you can be sure that Belmont Thornton will pursue your case with diligence to secure the highest refund amount possible. As long as it can be proven that you were ineligible for the policy, or misinformed about the terms, conditions, or cost of PPI, you should be able to reclaim charges caused by data protection insurance policy. The staff at Belmont Thornton will analyse your case by making a few basic inquiries and then worked diligently to show that you were mis sold a PPI policy and are entitled to total reimbursement. If you are not successful in receiving a PPI refund, you are not required to pay anything at all. Due to the increased recognition of the overwhelming amount of mis-sold PPI policies, the real burden of proof is on the company that mis sold you the data protection insurance policy, as FSA studies have shown that most of the data protection insurance policies in the UK are mis-sold, so there is a high chance of success for a borrower or credit card holder that is considering claiming back PPI charges this year.

How Much Is a Typical Data Protection Insurance Refund Worth?

While the exact amount that can be received in a data protection insurance refund will differ depending on the specific case details, most anywhere from £2000 to £3000, but can be much more or less. Professional PPI claim firms like Belmont Thornton are so confident in their ability to win cases that they routinely work on a no win no fee basis and offer free consultations. Individuals that have PPI policies that are attached to personal or business loans with a value greater than £10,000 or credit cards that have been active for several years may stand to gain the most when claiming back PPI. While Belmont Thornton will deduct a nominal fee from the overall PPI refund, you don't have to pay a penny unless you are successful in reclaiming 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.

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