How to Get Payment Protection Back
Borrowers all over the UK have been put at an unfair disadvantage as a result of mis sold payment protection. PPI which is the abbreviation for payment protection insurance is a type of cover that is supposed to offer the borrower peace of mind in knowing that his/her loan repayments would continue to be made in the event that he/she should ever become unemployed, ill or disabled in some way. However, this cover is nowhere near cheap to obtain and as a result a lot of borrowers who have come to realise that they may have been mis sold PPI are now filing PPI claims. They want to know how to get payment protection back, and rightly so. When you consider that PPI can add as much as 56 percent (and more in some cases!) to the amount which must be paid back on a loan, this is a rather significant increase. For this reason people are now looking into ways on how to get payment protection money back.
Ways in Which PPI is Mis Sold
PPI can be mis sold by lenders who use forceful or pushy sales tactics. It can be mis sold by being added to your loan without your knowledge and it can be mis sold by offering it or suggesting it to a person who cannot qualify for cover. In addition, some loan agreements have a tick off box which is an 'opt out' for loan insurance. If the borrower should happen to miss that then what happens is that he/she winds up with PPI without even realising it. Once a person realises that PPI was mis sold, then he/she goes about looking into how to get payment protection money back.
When you decide that you want to file a PPI reclaim and try to figure out how to get payment protection back then you may want to consider hiring a company like Belmont Thornton as we are specialists in this field. Our claim team works hard to assist people in getting back what is rightfully theirs. Anyone who has been mis sold PPI and is looking for how to get payment protection back should contact our team as soon as possible to get the process started. Our policy is to never ask for any money upfront and we offer a free phone consultation to a borrower who feels as though he or she has been mis sold PPI which was neither wanted nor needed.
Whilst no one can make any guarantees in terms of whether or not a loan protection refund will be awarded, going with a PPI claims company like Belmont Thornton certainly does add the assurance that your claim will be handled with due diligence and that all paperwork will be in order when it is submitted to the lender. How to get payment protection money back is made easier as long as you have a claims team that cares and is willing to go the distance with you as your representative.
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