Belmont Thornton Logo
Claim Back Loan Insurance

How to Claim Back Loan Interest

Payment protection insurance (PPI) has been receiving a lot of criticism lately, primarily due to how many claims are denied by insurance companies because of coverage ineligibility. In fact, in comparison to every other type of insurance PPI offers the lowest claims ratio, with the industry as a whole paying out only £.20 for every pound spent on PPI premiums. Given such statistics it is not surprising that many consumers are learning how to claim back loans with attached PPI policies. To provide an example of how excessive the cost of a PPI policy may be - a £22,000 personal loan can carry a PPI policy premium as high as £7,000 - £10,000! Consider the following information to learn how to claim back loans caused by PPI premiums.

How to Claim Back Mis Sold PPI - Grounds for Reclaim

Anyone that was sold a PPI policy despite the eligibility prerequisites should make an attempt to reclaim PPI payments immediately, as almost anyone that can present evidence or adequate suspicion of PPI mis-selling should be successful in reclaiming money spent on PPI. If you are under the impression that you were not sufficiently told about the policy's coverage/eligibility requirements or were indeed ineligible for the PPI policy when you signed for the loan, you might want to learn how to claim back mis sold PPI with the help of Belmont Thornton.

Significant Facts about PPI

While payment protection insurance policies may comprise anywhere from 13 to 56% of the total amount borrowed, as few as 15% of policyholders will obtain help with repayments. Two years ago over thirty-one thousand payment protection claims were filed against dishonest lenders that were found to be liable for mis-selling payment protection insurance policies, and reports suggest that by the end of this year that number could double. Every year approximately 7 million PPI policies are taken out, resulting in the generation of approximately £5.5 billion in premiums for insurance companies and lenders that are involved in the sale of these policies.

Payment Protection Claims Being Honoured More Frequently

Since 2006 many financial authorities in the UK have started recognizing PPI mis-selling as a common problem, making it easier for consumers to learn how to claim back loan interest caused by PPI premiums. In addition, as Belmont Thornton continues to gain experience in teaching consumers how to claim back loan interest, the claims process becomes slightly simpler for each new client. Since a PPI premium can consist of as much as half of the total loan amount, the interest that accrues on the premium alone can add up to a significant amount.

To recover all of the funds spent on the PPI policy you may want to learn how to claim back loan interest as per the advice of a professional PPI claims company such as Belmont Thornton who also operates on a no win no fee* basis. Simply call 0207 471 2000 to speak with a highly knowledgeable member of the claims team today.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

Belmont Thornton Limited is regulated by the Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN 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.

Please note that calls may be monitored for the purposes of staff training.

* 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.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide