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Loan Insurance Mis Sold

Loan Insurance mis sold is a common complaint amongst UK citizens today. Research shows that about 85% of all people who have been sold PPI in the past decade or so have been mis sold this cover. This means that even if they pay it ever single month there is no way the insurance company would ever honour a claim because they do not qualify for the cover in the first place. This is one reason that loan insurance mis sold is a problem. Another is that it is so terribly expensive that even if a person ever did find the occasion to use it, it would hardly be worth it! It seems a person would be better off paying for their own sick leave all at once than to pay into expensive PPI cover for years on end! This means that even the small percentage of people who have been able to make claims against their PPI probably did not benefit nearly as much as they actually paid in.

How is Loan Insurance Mis Sold?

The main way that loan insurance mis sold is that the lenders attach it to a loan without ever telling the borrower. They simply add an extra fee or surcharge to the loan and hope that no one notices. The trouble is people do notice when they actually do become ill, get injured or have some other situation arise that causes them to have to make a claim and get denied! Once a person does notice that they have been a victim of loan insurance mis sold then they usually go about the business of trying to reclaim any bank charges they may have incurred as a result. In addition, people are also usually about reclaiming PPI when they feel they have been misled or lied to.

What To Do About It

The very first step in reclaiming loan insurance mis sold is to contact us here at Belmont Thornton. We can help you to determine if you have been mis sold payment protection insurance or not. We can also help you with filing the proper papers in order to file for your claim back of loan protection insurance money. We have been serving people just like you for a very long time and have achieved quite a bit of success in helping others in your position. Another bit of good news is that we do not charge for our services unless you end up with a refund. This means the original consultation is free as well as the representation until which time a claim is settled and a refund is given.

Money does not just fall from the sky. People work hard for it and so it is only fair that they not have it taken from them through dishonest tactics and schemes invented by those who wish to fill their pockets with money. Lenders continue to thrive as people who have been paying off high payments lose everything. This is not fair and must come to an end. The more people who file for PPI claims and win the less likely the lenders are to keep up with these shady business dealings.

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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 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.

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