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Loan Insurance Money Back

It would be nice if getting loan insurance money back was as easy as walking into the local grocer and getting a refund on something you bought by accident. However, that is simply not the case. In fact, try to picture for a moment that you went into a store and the clerk put a box in your basket that doubled the total of your bill at the end. That would most certainly upset you. Now imagine not realising it until you got home, trying to return the item and then being told you cannot. You would probably have to hire a solicitor to work that out. Of course that would be ridiculous as it would wind up costing you even more money than it is worth. This is one of the main reasons that many people never address the issue of getting loan insurance money back. They fear it will be too costly a process. Fortunately, they are wrong. Belmont Thornton, Belmont Thornton, will not charge anything unless they are able to secure you a refund.

Payment Protection Being Automatically Included

Some people are mis sold payment protection with absolutely no knowledge of it. The lenders simply include the cover in the total loan amount without ever saying a word. Now this may not be such a horrid thing if two factors were not present. Firstly, payment protection insurance is very expensive and secondly not everyone is eligible for cover. So, if it was more reasonably priced and everyone, no matter what their circumstances could benefit from this type of insurance it may not be so bad. However, that is not the case and getting loan insurance money back comes down to filing payment protection claims.

Lenders Unaffected by Fines and Penalties

Lenders are being watched a bit more closely now, however this does not seem to be affecting their decision to continue to mis sell PPI. People are still filing claims to get loan insurance money back left and right. Projections for the future look as bleak as ever for borrowers as there still is no mandate preventing lenders from selling PPI to anyone they choose. Whilst it is true that they may receive a fine and or a slap on the wrist, it just does not seem to be dissuading the lenders and as a result there are still many people fighting to get loan insurance money back. The hope is that at some point in the future, the government will step in and prohibit the selling of PPI to any party that is not able to qualify for it. In addition, that attaching PPI to a loan without telling a borrower would be illegal as well.

The most important thing is that people become aware of what is going on with their loans. If you are not certain whether or not you have been mis sold PPI, there is no time like the present to begin investigating the situation to see of you should file a claim to try and get loan insurance money back.

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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 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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