How Do I Claim Back Bank Charges
Payment protection insurance is commonly included with various types of loans, most commonly unsecured personal loans that are offered to individuals with less than perfect credit. Many loan applicants who are having financial difficulties feel as though they do not have enough leverage to deny the lender when a proposition is made regarding a PPI policy that is as much as being forced on them. As such, many borrowers are charged PPI premiums that can cost as much as 13% to 56% of the total loan amount. After having such a significant sum of money allocated towards an expense that is seemingly unnecessary, you may be wondering "How do I claim back bank charges?"
How do I Claim Back Bank Charges to Obtain a Full PPI Refund?
Obtaining a full PPI refund as well as discovering the answer to the question, "How do I claim back bank charges?" is as simple as contacting Belmont Thornton for a free detailed consultation regarding your PPI case. After participating in a free consultation you may choose to file a PPI claim against the lender with the aid of the PPI claims specialist team, at which point the claim process would begin in earnest. The PPI claims team can answer the question, "How do I claim back bank charges related to PPI?" as well as any other enquiries you may have on the subject.
How Much Time Should It Take to Recover PPI Charges?
It usually takes anywhere from six to eight weeks to complete the entire claims process, barring any unforeseen circumstances such as a claims denial sending it to appeals. The initial consultation process usually takes less than 24 hours, after which your case will be managed by the PPI claims team that will contact your lender along with the necessary authorities as your representative. Using the skills of Belmont Thornton may increase your odds of having your claim viewed timely by the lender and it may also lessen the amount of time it takes to reclaim money spent on PPI. Anyone asking themselves the question, "How do I claim back bank charges?" should fill out a claim form immediately and follow the guidance of the PPI claim pack you'll receive shortly in the post.
Financial Service Authority Complaints Analysed
About sixty percent of the PPI refunds evaluated were related to various kinds of loans, of which forty percent pertained to home loans and credit cards. Then, around thirty percent of the claims brought before the Financial Ombudsman Service (FOS) are related to borrowers claiming back payment protection on credit cards or loans, which is a significant number when seen as part of the larger picture. Although payment protection insurance policies can cost as much as 13 to 56% of the original amount of the loan, only fifteen percent of customers obtain help with monthly payments. These statistics may not seem important at first glance, but they are significant when you are asking, "How do I claim back bank charges?" As a result of mis sold PPI, 30,000 UK consumers filed PPI claims in 2009 and more than 50,000 in 2010. That number is expected to skyrocket in 2011 and yours could be one of them!
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