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Definition of PPI

Payment protection insurance (PPI) is often sold in combination with a loan or credit card by lenders aiming to earn commissions and heighten the overall loan amount. The definition of PPI could be stated as a type of cover that is supposed to provide repayment assistance if a borrower is unable to make payments due to unemployment or illness. The average PPI policy can cost anywhere from 13 to 56% of the total loan amount, however cardholders usually pay monthly charges that are equal to about 2 to 3% of the overall account balance. The increasingly common mis-selling of payment protection insurance coverage in the UK is the result of a combination of biased misrepresentation and unnecessary profit mongering.

Will You Be Able to Reclaim PPI in Time to Catch up on Repayments?

Most people can secure a full PPI reclaim within 2 months of their claim being successful, a waiting period that is roughly the same as how long it usually takes for just fifteen percent of PPI policyholders to receive even the smallest amount of help with payments. According to statistics, you have much fire chance of claiming back PPI from the lender sooner than you do in successfully filing a claim for policy benefits. Using the services of Belmont Thornton won't just ensure a much higher probability of succeeding in claiming back PPI, it will also greatly reduce the time it takes to reclaim PPI. Given the high rate of honoured PPI claims during the last six years as a result of greater recognition by multiple financial authorities, all of our clients have a very good chance of obtaining total reimbursement this year.

Can You Reclaim PPI for Free?

If you think you have been mis sold PPI and need help with claiming back PPI, Belmont Thornton offers a complimentary consultation during which we'll thoroughly assess your case by asking relatively basic questions in pertaining to the PPI policy and how it was presented. Data released by the Financial Services Authority (FSA) shows that only five percent of the policies reviewed were sold appropriately, with the remaining policyholders being mis-sold due to misleading information. If you choose to use professional services of Belmont Thornton you will not be required to spend any money* unless your reclaim is honoured.

Definition of PPI Requirements

By making a few simple inquiries pertaining to the amount of the loan, loan type, and the lender at fault for mis-selling the policy, Belmont Thornton will review your case and share helpful advice for receiving a PPI refund. Participating in a free consultation will take a couple of minutes, after which we'll send you a claim pack in the post that will provide guidance on how to proceed with pursuing a PPI refund. Usually, the bank that mis-sold you the PPI policy has a lot more to prove than you do, as Citizens Advice Bureau (CAB) studies have shown that many of the PPI policies are mis-sold. Consumers contemplating claiming back mis sold payment protection insurance this year have an excellent chance of having their claims honoured.


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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 B16, 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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