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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.


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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.

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

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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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