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How Do I Claim Back Payment Protection Insurance

After having been mis sold payment protection insurance the first question on anyone's mind is always, "How do I claim back payment protection insurance?" There are actually a few ways you could go about it but, as with anything else in life, there is an easy way and a difficult way. To put it bluntly, while you could file a PPI claim on your own, there are a lot of things to consider and you would need to be armed with all of the latest rules and regulations in regards to the filing of mis sold PPI.

The Need to Understand How PPI is Considered Mis Sold

In answer to the question, "How do I claim back payment protection?" you would first need to understand that you would be at a definite disadvantage. First of all you need to understand what mis sold PPI is all about and how to defend yourself against it. If you have been mis sold payment protection cover then you need to be able to explain exactly how that happened. Was it added to your policy without your knowledge? Did the lender tell you that you would not qualify for a loan without it? Were you over the age of 65, self employed, unemployed or a temporary or contract worker at the time it was sold to you? Those are just a few of the ways in which you could declare PPI to have been mis sold and there are actually several more reasons you could cite.

The Need to Understand How to Calculate a PPI Refund

"How do I claim back payment protection insurance?" can't be answered unless you know how much money you have actually spent in mis sold PPI. If you took out a loan then you probably paid a onetime premium that was added to your loan at closing. From that point forward you were paying some toward that amount as well as interest that was assessed. Bear in mind here that at the beginning of the loan most money you pay is interest and very little is toward the unpaid balance (principal). Your lender is making a great deal of money on the mis sale of PPI and will be reluctant to pay it back if at all possible. For this reason, and this reason alone, many consumers choose to file through a third party with experience in filing PPI claims.

Belmont Thornton, Belmont Thornton has helped thousands of UK consumers to claim back mis sold PPI. From the moment you call with your question "How do I claim back payment protection?" the claims team will be there with you every step of the way. They will explain what you need to know, ask pertinent questions to file your claim on your behalf and then stay with the claim until it is resolved. Whether they are able to get a settlement directly from the lender or whether they need to file an appeal for you, you can be sure that the claims team will be diligently working on your behalf and that alone should provide the peace of mind you need when filing a PPI claim. "How do I claim back payment protection insurance?" Let the experienced claims team of Belmont Thornton, Belmont Thornton, do it for you!

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