How to Claim Back Payment Protection on a Credit Card
The mis-selling of payment protection insurance (PPI) policies has been closely investigated and scrutinized by multiple financial authorities in the UK ever since 2006. This is when the Citizens Advice Bureau launched an all-inclusive "super complaint" against the PPI industry as a whole for offering a product that does not provide a fair value to consumers. Studies have revealed that almost 40% of policyholders don't even know that they have a PPI policy, and about 85% of policyholders are denied repayment assistance after filing a claim, thereby giving PPI the highest denial rates of any type of insurance. To put that into perspective - for every pound earned in PPI premiums by lenders and insurance companies, only £.20 are paid to the policyholders that essentially fund the sector. Provided with such statistics, it is not surprising that a large number of policyholders are researching how to claim back payment protection on a credit card.
How to Claim Back Payment Protection on a Credit Card
There are currently an estimated 20 million PPI policies active within the United Kingdom, with approximately 40% of them being attached to credit cards or mortgage loans. PPI policies attached to credit cards are paid for incrementally on a monthly basis in the form of a recurring fee, while loan PPI policies are usually paid for by a one-time premium. Many times cardholders feel as if they were not given an option as to whether or not they would like to enrol in the policy, and therefore assume that it must be a mandatory surcharge. By seeking a free consultation with the PPI claim company you can learn how to claim back payment protection on a credit card today.
How to Claim Back Payment Protection on a Credit Card As Quickly As Possible
The full payment protection claims process may take between 2-8 weeks, depending on several variables, including the card issuer's willingness to comply. Fortunately, we provide constant communication and personalised assistance throughout the claim process to keep our clients informed about the status of their payment protection refunds. In addition, we work on a no win no fee* basis, which means you won't have to invest any more of your hard-earned money unless we are able to secure a PPI refund on your behalf. Ultimately, if you want to know how to claim back payment protection on a credit card as quickly as possible you'll need the professional assistance of a PPI claims management company like Belmont Thornton, the PPI Claim Company.
How to Claim Back Payment Protection on a Credit Card without Dealing with the Card Issuer
The challenge of contacting your credit card company directly and requesting a payment protection refund can be intimidating, especially if you are already having problems with credit card debt and repayments. Fortunately, by utilising the services of a proven company like the PPI Claim Company that knows how to claim back payment protection on a credit card, you can be sure that the claims team is facilitating your claim with the utmost professionalism at all times.
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