How Do I Get My Payment Protection Money Back
No one likes to spend money that isn't necessary, especially when there are so many bills to pay as it is. Mis sold payment protection insurance is often sold alongside loans in the UK and many times it is sold against the borrower's wishes or even against his/her knowledge. In cases like these, it is common to hear them ask, "How do I get my payment protection money back that I did not want to spend?"
Lenders Aren't Likely to Give You a Suitable Answer
The quick answer would be that you would need to file a payment protection claim, but there is always more to it than that. Yes, you need to file a claim with the lender or independent insurance agent that mis sold the PPI or mis represented it in some way, but keep in mind that 60% of the time (or more!) lenders are denying mis sold PPI claims. After all, the reason they sold it in the first place was to make extra money off that sale. How willing are they going to be to give it back just because you ask, "How do I get my payment protection money back that you took from me?"
The First Step is Proving Mis Sold PPI
One of the things you need to consider when filing a claim to get a PPI refund is that you will need to show that the lender in some way mis sold cover, mis represented it or simply chose to include it on a loan package that you weren't aware included payment protection insurance. Whilst you may now be aware of the fact that you were paying for insurance, you may not have always known that cover was included in your loan. It would have been better to ask in the beginning months, "How do I get my payment protection money back?" but you didn't even know you were paying it! As a result, that money you paid has built up and you could actually be owed thousands of pounds in mis sold PPI.
Efforts Underway to Enlighten Consumers
Since so many consumers have been asking "How do I get my payment protection money back?" many consumer advocate groups have jumped into the battle. The Citizens Advice Bureau is on the forefront and they are continuing efforts to help consumers better understand the racket that has claimed the UK lending industry as well as ways in which to claim back what is rightfully theirs.
What you might consider doing is asking the claims team at Belmont Thornton, Belmont Thornton, "How do I get my payment protection money back?" since they are in the business of helping consumers claim back what is theirs. Call the claims team or leave your contact information by filling out the brief online form. A PPI Claim Company team member would be happy to assist you in understanding what is involved in filing a claim for a PPI refund. Your initial consultation is free of charge and the claims team works on a no win no fee* basis. It is as easy as making a quick phone call and you will have the answer you are looking for.
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