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Claim Back Loan Insurance

False PPI

After being mis-sold a payment protection insurance (PPI) policy, many borrowers have no option but to continue to make repayments towards the PPI policy. Discontinuing payments could cause a loan default due to the fact that the premium is attached to the overall loan amount. Many loans, credit cards, and even mortgages are often sold with loan insurance policies that raise the overall loan amount, thereby increasing monthly repayments. Every lender that sells a PPI policy will receive a set commission from the insurance provider and the policy is usually paid for by a one-time premium that is added to the total loan amount that is initially financed by the lender.

Annual False PPI Statistics According to the FOS

Last year more than 50,000 UK residents filed a PPI claim, and the FOS estimates that more than 80,000 consumers will file payment protection claims with lenders, the appeals being sent to the Financial Ombudsman Service (FOS). Information released by the FSA found that just five percent of the loan protection insurance policies evaluated were sold in accordance with FSA guidelines, with the other 95% considered to be mis-sold as a result of dishonest salesmanship or misrepresentation. Given the high rate of honored PPI refunds during the past six years mainly because of greater attention by multiple financial authorities, all of our clients have a very good chance of obtaining full reimbursement in 2011. While it is unlikely that you will be able to receive assistance from the payment protection insurance company, a large percentage of our clients are able to receive a PPI refund.

Reasons to Begin Reclaiming False PPI Payments with the Help of Belmont Thornton

Several determining factors, including the lender's willingness to comply, will determine the exact amount of time it takes to receive a PPI refund. After you've submitted details regarding your claim to a PPI claim professional and requested a complimentary consultation you should be given a personalised response in just one day, after which you may assess whether you'd like to pursue a claim against the lender. Every year we help many clients claim back false PPI, and those that utilise our services not only increase their chances of reclaiming false PPI they may also less the time it takes to complete the process. Fill out a quick claim form today and receive a claims pack in the post that will allow you to begin recovering PPI charges without engaging in a dispute independently with your lender, mortgage broker, bank, or credit card issuer.

How to Begin Reclaiming False PPI Payments

The average consumer will receive a full PPI refund in just eight weeks, which is similar to the time it takes for only fifteen percent of PPI policyholders to receive even the smallest amount of repayment assistance. After participating in a complimentary consultation you will be able to think about if you should pursue the case based on the aid of Belmont Thornton, at which point the process of filing a claim would begin. Belmont Thornton offers a free consultation that will allow us to attentively review your situation by asking relatively basic questions related to the amount of the loan, loan type, and the lender that mis-sold the PPI policy.

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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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