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Legal Protection Insurance

Tens of thousands of residents within the United Kingdom successfully receive PPI refunds each year. While there are currently an estimated 20 million PPI policies in the UK, hundreds of lenders are forced to refund a growing number of these policies. If you've recently discovered that you've been paying for a payment protection insurance (PPI) policy, but are now deemed ineligible for benefits due to the fact that the policy was mis-sold to you by dishonest lender, you may want to consider filing a claim against the lender that mis-sold you the PPI. Unfortunately, legal protection insurance is illegally sold which means that borrowers have the right to a refund of what they paid on premiums and interest.

How is Legal Protection Insurance Reclaimed?

When you attempt to recover legal protection insurance payments from the lender that mis-sold you a policy you are actually seeking retribution for all of the payments that you've already made towards the PPI. The amount of compensation received form most PPI refunds will greatly exceed the amount of money received from a PPI policy claim. A PPI refund may include any additional fees, penalties, or interest charges that were associated with or resulted from the policy purchase. In addition to being forced to return the amount that has already been paid towards the policy, some financial institutions have been fined millions of pounds for mis-selling PPI.

What Do You Need to Recover Legal Protection Insurance Payments?

Since the money that has been invested in the payment protection insurance policy was rightfully yours to begin with, all you'll need to receive a PPI refund is the basic details of your loan, including the loan type and size, lender contact information, and how many payments (if any) have already been made towards the policy. If you are unable to provide the aforementioned details, you can still participate in a free consultation with a PPI claims specialist, and a question as simple as "can I claim my PPI back" can be answered in depth, along with invaluable advice on whether or not to pursue the PPI claims process. Belmont Thornton will not pursue a case unless there is a high chance of success, as most work on a "no win no fee" basis.

How Long Does It Usually Take To Reclaim Legal Protection Insurance?

Several prominent financial authorities in the United Kingdom have revealed the extent of PPI mis-selling through various studies and investigations. Thus, it has become much easier for victimized borrowers to reclaim PPI payments within about 2 weeks to 2 months. It normally takes about the same amount of time to recover legal protection insurance as it does to receive repayment assistance and other benefits from a PPI policy. However, while the chances of receiving assistance through a policy claim are less than 15%, the chances of having a PPI claim against a lender honoured are about 90 percent.


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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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