How to Stop Bank Charges
There is nothing more frustrating than to be paying on something we never wanted or couldn't use. This is often the case with mis sold loan protection insurance and why so many of us are looking at how to stop bank charges. Unfortunately, the PPI racket (as it is called by the Citizens Advice Bureau) is much larger than any of us could have imagined just a few short years ago. Mis sold PPI has infiltrated every aspect of the lending industry and has even been referred to as an 'epidemic' that has become immune to government efforts to curtail it. In any case, if you have been mis sold PPI, your only concern is probably trying to find out how to stop bank charges before you pay another pound into cover you don't want, can't afford or can't use.
What Ever Happened to Good Old Fashioned Ethics?
One thing that has worried analysts and consumer advocate groups is the fact that lenders across the board seem to have lost sight of good old fashioned business ethics. Payment protection insurance is being quite literally forced down the throats of borrowers in the UK, whether or not they want or need such cover. According to several PPI claims analysts, lenders have focussed on making commissions and have forgotten the best interests of their clients in the process. It shouldn't be necessary to ask how to stop bank charges if we weren't being forced to buy into an insurance product that does us little good.
Why Can't More People Draw Benefits?
As mentioned over and over again, loan insurance provides very little in the way of cover which leads many to question how to stop bank charges once they have been sold the policy. First of all, anyone who is self employed, temporarily employed or unemployed are excluded from cover as are seniors over the age of 65, full time students, individuals with pre-existing medical conditions and workers who get sick pay from work. Right there you are talking about a majority of the population! Then back injuries are never covered and since that is the number one reason why people are out of work for any length of time, there goes another whole segment of the population. As well, mental illness/stress disorders are not eligible for cover either. What does that leave? The answer may amaze you but that leaves approximately 13% of the population who could ever draw PPI benefits. So now you understand why so many people are asking how to stop bank charges on PPI the lender literally forced them to purchase in one way or another.
If you are amongst the millions of UK consumers wondering how to stop bank charges on mis sold PPI, then the first thing you might consider doing is to place a quick call to the claims team here at Belmont Thornton, Belmont Thornton. You will of course have to file a complaint/claim to put an end to the policy which will also request repayment of what you have paid to date. The team member who takes your call will give you details on how to get your claim packet and will also explain in greater depth how the claims process works. The number to call is 0207 471 2000.
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