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Getting Bank Charges Back

The biggest concern that anyone has when they find they have been mis sold payment protection is in getting bank charges back that added up to a substantial amount of money. Unfortunately, the average person just doesn't know how to go about filing a claim in order to go up against high street lenders that are probably backed by powerful solicitors. Actually, with the help of a claims management firm getting bank charges back isn't quite as difficult as it might ordinarily be. It is simply a matter of putting your worries in someone else's hands.

What Is Payment Protection All about Anyway?

The sad part about getting bank charges back from mis sold payment protection insurance is that we shouldn't have been paying for it in the first place. The operative word is "mis sold" which gives us a clue to the fact we either didn't need it or didn't want it. Perhaps we didn't even know we were being sold payment protection insurance but in any case the lender made a conscious choice to sell us an insurance product for an exorbitant amount of money and one which provided relatively little cover to a select few people. So then, what is payment protection all about? It's all about making money for our lenders regardless of what our needs or wants are.

Why so Many Payment Protection Claims?

You would think that with all the press that mis sold PPI has been getting, increasing numbers of people would be leery of it and be on guard so as not to be coerced into buying payment protection. However, this doesn't appear to be the case because there are so many payment protection claims still being submitted to lenders all across United Kingdom. Even so, consumers have nothing to be ashamed of as lenders are simply employing new and more devious tactics when selling PPI to unsuspecting borrowers. This makes getting bank charges back even sweeter because no one likes to be deceived.

How Much Can I Reclaim on Mis-Sold PPI?

Before getting bank charges back you will need to know exactly how much the lender has taken from you in terms of premiums and interest. No two claims are the same which means that you will get back an amount at least equal to what you have paid in. This is determined by the loan amount and the percentage of that amount you are being charged for payment protection insurance which usually costs anywhere from 13 to 56% of the amount of your loan. With that being said, the average PPI refund is approximately £2,500 to £2,700.

If you find that you have been mis-sold payment protection insurance and are ready to start getting bank charges back then we at Belmont Thornton, Belmont Thornton, can help you file a claim and you will not be required to spend any money out-of-pocket. We only work on a no win no fee* basis which means that no one wins unless you do. To speak with a member of the claims team contact us at 0207 471 2000 and join the thousands of consumers we have helped win back mis-sold 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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* 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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