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Guarantee Protection Insurance

There were almost 32,000 payment protection insurance claims filed during the final three months of 2009. Since even the small percentage of policyholders that receive assistance from a PPI company have to wait several weeks for slight repayment assistance, it would be much more sensible to reclaim the funds spent on the insurance policy from the lender, than to pursue benefits from the insurance company. Many people attempt to streamline monthly repayments by setting up automatic bill payments within their online bank accounts. When automatic loan repayments are attached to a bank account and hidden fees or surcharges are deducted from that account it can be difficult to have those charges reversed. This is particularly the case with payment protection insurance (PPI) policies, which are some of the most commonly mis-sold insurance policies in the United Kingdom.

Recovering Guarantee Protection Insurance PPI Charges from Your Lender

Reclaiming PPI charges from the same bank that issued a loan can be especially difficult, particularly without the help of a PPI claim company. By contracting the assistance of an attorney that has experience in reclaiming PPI charges you can minimize effort and reduce the possibility of damaging your credit score by defaulting on a loan. Ultimately, the decision to refund PPI charges will be left up to the courts and the necessary authorities, regardless of the previous reputation of the lender or bank. Contrary to popular belief, ordinary citizens do win lawsuits against banks and financiers, especially those pertaining to loan protection insurance policies sold during the past six years.

Is It Easy to File a Claim against the Lender That Mis-sold You Guarantee Protection Insurance?

As more consumers take interest in pursuing PPI claims cases, and become knowledgeable about PPI mis-selling, the amount of people recovering PPI charges on an annual basis will continue to increase until PPI mis-selling becomes almost forbidden. Payment protection refunds have become more frequent during the past six years after an investigation by the Citizens Advice Bureau (CAB) revealed widespread PPI mis-selling being conducted by large financial institutions and private lenders alike. As a result, several prominent banks were fined millions of pounds and more than 2 million PPI policyholders have been successful in reclaiming PPI charges.

What It Takes to Reclaim Guarantee Protection Insurance Charges

The main challenges associated with reclaiming loan insurance charges are finding a professional PPI claim company that is knowledgeable, that offers free consultations, and will work on a "no-win, no fee" basis. You'll also need to recall loan details so that a PPI claims specialist can verify that you are knowledgeable or inadequately informed about a PPI policy or its terms and conditions. Finally, you'll need the willingness to invest a little bit of time working with Belmont Thornton to receive full and due compensation. Aside from these easily surmountable challenges, you'll also need to have the patience to wait 2 to 6 weeks for the PPI refund, which typically ranges from £2000 to £3000 in an average claims case.


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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 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ 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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