How to Get Bank Charges Back
It doesn't matter which type of payment protection insurance you were mis sold, you will be looking to get a refund on money that you paid into cover you didn't want, didn't need or didn't know you were buying. When you've taken out a loan at a bank and they mis sold you payment protection, you can learn how to get bank charges back by understanding how they assess PPI premiums to the various types of loans.
How to Get Bank Charges Back from Home Loans?
When you take out a home loan at a bank and payment protection insurance is sold alongside it, there will be a onetime premium that is attached to the loan at closing. In effect, the lender is selling you insurance and then making a profit off it by charging you interest on the money you are forced to borrow to pay for the cover. These are perhaps some of the easiest types of PPI policies to prove were mis sold because the loan documents often tell a story as to how the insurance was presented and sold.
How to Get Bank Charges Back from Credit Cards?
One of the common errors which many people make is in thinking that the major credit card companies are the ones that are extending credit to you. Actually, most credit cards are issued from banks and other large financial institutions which means that any payment protection claims would be filed with the lender/bank in which you will be seeking to get a refund on bank charges you paid month after month. Unlike a mortgage loan, PPI for credit cards is assessed each month based on the outstanding balance on the card during the previous month and carried over to this one. When you are looking at how to get bank charges back on credit cards you will need to tally up each and every monthly payment you made on payment protection insurance.
The Most Expeditious Way to File a Claim
Even though there are a few ways to file a claim to claim back bank charges, the most expeditious way to file a claim is through a claims management company. Filing on your own leaves room for error whilst hiring a claims solicitor can be quite costly. The best way how to get bank charges back is to file a claim through a PPI claims management company such as Belmont Thornton, Belmont Thornton. We work on a no win no fee* basis and even the initial consultation is free. The only thing you need to do is speak with the claims team about how to claim back bank charges by filling out the claims pack that will come in the post. Once they have the packet back you will simply need to sit back and let us do the work. Our claims team has successfully filed thousands of claims in the UK and you will never need to ask how to get bank charges back again as we will do that for you.
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