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How Do I Know If I Am Paying PPI

If anyone had asked you in previous years, "How do I know if I am paying PPI?" you would have either asked them to explain what PPI is or thought they were totally insane not to know if they were paying a bill! In fact, there are still UK consumers out there who don't know that they have been paying into PPI because of the crafty way in which lenders are 'slipping' it in alongside loans. These are the worst cases and the ones in which it is most difficult to give the answer they want to hear.

A Few PPI Facts

Before trying to discover the answer to "How do I know if I am paying PPI?" it might be wise to understand a few basic facts about mis sold PPI. First of all, anyone who has been mis sold PPI, with or without their knowledge is entitled to file payment protection insurance claims to try to recover any money they paid into the insurance policy. Secondly, at least 60% of those claiming refunds will be denied by their lenders and forced to file a claim with the Financial Ombudsman Service (FOS).

Forms to Be Filed

If you find that you have indeed been paying for this cover after asking, "How do I know if I am paying PPI?" then your only recourse is to file a claim if you are looking to get your money back. There are forms to fill out that must be submitted to the lender and if you are denied, as so many consumers are, there will be more forms to complete in order to file an appeal with the FOS.

Third Party Help in Filing

One of the ways in which consumers have found to seek payment protection refunds is to utilise the services of a PPI claims company such as Belmont Thornton. In fact, government even espouses using third party claims companies such as Belmont Thornton simply because of the ease in which consumers can file claims that could otherwise be overwhelming.

One Final Look at Your Loan Docs before Filing

How do I know if I am paying PPI? Before filing a claim, take a good look at your monthly statement or your loan documents. If you see any type of reference to loan insurance or payment insurance then, yes, you are paying into a cover you didn't even know you had! In cases like this it is common to request a refund of any money you have paid in and the claims team at Belmont Thornton can easily help you file to claim your money back.

If you are ready to take back what is rightfully yours then call Belmont Thornton today on 0207 471 2000 to speak with a member of the claims team. They will help you answer your question, "How do I know if I am paying PPI?" but more importantly they will help you claim back that money you should never have been asked to spend.


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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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