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Getting Back PPI

A lot of consumers that have been mis-sold a payment protection insurance (PPI) policy feel that they'll be unable to receive assistance in making repayments after being denied help by the insurance company. Fortunately this is not true, as approximately 2,000,000 UK residents have been six ethyl in getting back PPI from lenders during the past couple years. In 2008 there were about 20 million PPI policies in existence in the UK, and that figure rose by 7 million each year during 2009 and 2010. Thus, there are an estimated 35,000,000 to 50,000,000 PPI policies currently in existence, 90% of which have been found to be mis-sold in studies conducted by the Financial Ombudsman Service (FOS).

The Advantages of Getting PPI Back with the Assistance of Belmont Thornton

First and foremost, we will not ask you to pay anything until you are successful in reclaiming PPI. Instead of devoting countless hours to researching the process of getting back PPI, consider the advantages of having PPI experts facilitate your claim and provide essential guidance to minimize the amount of effort you'll need to expend. Not only will you not have to pay anything up front, you won't be required to pay anything at all unless your claim is honored. Furthermore, our clients will receive reimbursement not only for the cost of the PPI policy, but also for any additional interest charges that are due to the heightened monthly repayments caused by the PPI policy.

Why Are so Many Consumers Getting Back PPI Each Year?

As more consumers become knowledgeable about PPI mis-selling, and the amount of PPI reclaims increases significantly every year, it is likely that millions of UK residents will be filing for PPI reclaims annually during the next couple of years. The claims ratio, which is the amount of money paid in claims by an insurance company in comparison to the amount of money earned through policy premiums. The claims ratio for payment protection insurance is an industry low 20%- meaning that for every pound spent on a PPI payment, insurance companies give policyholders only £0.20! Given the massive increase of honoured PPI refunds during the last 6 years as a result of additional attention by multiple financial authorities, you're more likely to succeed in recovering bank charges caused by PPI than ever before.

How Long Does Getting PPI Back Take?

The PPI consultation process usually can be completed within a half an hour, either over the phone or via e-mail online. After deciding to proceed with reclaiming PPI it can take anywhere from two weeks to two months to receive compensation for your PPI payments. It is possible to hasten the claims process by providing detailed information about how the PPI policy was sold, as well as the attached loan, credit card, or mortgage terms and conditions.

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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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