Belmont Thornton Logo
Claim Back Loan Insurance

Letter to Claim Back PPI

Loan protection insurance, also referred to as payment protection insurance (PPI), is commonly included as an additional charge with home loans, personal loans, business loans, and credit cards. Lenders use deceitful tactics and persuasive techniques to convince borrowers of the necessity or advantages of a PPI policy, in an attempt to earn a commission for selling the policy, while also increasing the overall loan amount to earn additional interest. Sadly, most policyholders don't realize they've been scammed until they attempt to file a claim against the policy and are denied because they are ineligible for benefits. After being turned down by the payment protection insurance company, you may be wondering how to write a letter to claim back PPI. However, writing a letter to claim back PPI may not always provide the most ideal results, so you may want to consider the following alternatives.

Alternatives to Writing a Letter to Claim Back PPI

While some lenders will charge the cost of the PPI policy as a one-time fee upon loan signing, others will add the cost of the policy to the total loan amount, and some will even force you to pay for the policy slowly by charging small recurrent monthly fees. Any suspicious bank charges that originate from your lender should be investigated, and you should never hesitate to inquire about the purpose of a charge. While it is possible that spiteful lenders will attempt to damage your credit score by filing negative items on your credit report, you can minimise the chances of this happening by contracting the skills of a Belmont Thornton when attempting to claim loan protection back.

How Long Does it Take to Claim Back PPI without Writing a Letter

More than 80% of consumers that file a PPI claim against the lender for mis-selling the PPI policy will receive a full refund in less than eight weeks. Therefore, even if you have not yet tried to file a claim against the PPI policy, it may make more sense to try to claim loan protection back than to hope that your policy claim will be amongst the relatively few that are honored each year. The less than 15% of PPI policyholders that are actually given benefits after filing a claim usually have to wait 1 to 2 months to receive even the slightest repayment assistance.

Do You Really Need to Write a Letter to Claim Back PPI?

Fortunately, you won't have to make a significant investment to claim loan protection back, and we will not ask you to pay a single dime until your lender provides a full refund for the entire cost of the policy. In addition, we will do our best to heighten the chances of your receiving the maximum claim amount, and will even attempt to receive a refund for interest payments and surcharges that are associated with the PPI policy. In fact, the more money you receive from the lender, the higher the PPI attorney's percentage commission will be, so it is not surprising that Belmont Thornton strives to claim back loan protection payments in full every time.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* 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.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide