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Incorrectly Sold PPI

When the original idea for payment protection insurance was developed it is doubtfully that it was ever intended as something to steal money from people. However, over time lenders have incorrectly sold PPI. The basic idea of PPI is to protect people if they should find themselves unable to pay their monthly loan payments. Of course that is still what borrowers are told but unfortunately, there is so much more they are not told. For example, it is very doubtful that lenders are alerting people that they could fall into a 90% or higher percentage of people that simply cannot and do not qualify for cover. With this being said, whilst PPI was never intended to be a money-making racket, sadly that is just what it has become. This is one reason that PPI claims are at an all time high.

Main Causes of Incorrectly Sold PPI

The most common way that people are incorrectly sold PPI is through misinformation or a lack thereof. This basically means that the lender either failed to mention the PPI cover at all or gave misleading information. For example, a lender might attach PPI without even saying a word and just lump the payments right into the loan or they may sell the cover to a person who is not able to qualify for it. The latter is usually the most popular as there really are very few people who do qualify by PPI insurance company standards. In fact, an alarming number of people, as many as 90% who pay for PPI cannot claim benefits. The question is, do lenders do this intentionally or is this just an epidemic of mistakes? The former seems much more likely when you consider the sheer number of incorrectly sold PPI policies in the UK.

How Do You Reclaim Incorrectly Sold PPI?

The first thing a person who has just found that he/she is paying for an incorrectly sold PPI policy should do, and this cannot be stressed enough, is hire the help of a professional claims company such as Belmont Thornton. Going head to head with a lender is never an easy task. For this reason a person should never, under any circumstances confront a lender on his/her own. This is simply foolish and will not yield very good results. Instead, consulting with Belmont Thornton which if course is free unless a refund is realised is the best thing to do.

We operate under the policy that no one should pay fees unless a PPI reclaim has been successful and monies have been returned*. This means that we work on a no win, no fee* basis. This includes the initial consultation as well as the entire process of filing the claim. We even give you an easy to fill out quick claim form right here on this website. You simply fill it out and submit it and within a couple of days you receive your packet in the post. Nothing could be easier and if you stand a chance to get your money back then what have you to lose by contacting us?


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Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

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* 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.

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