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Loan Payment Protection Claim

For several years running there has been a great deal of news involving the lending industry and their insistence on selling loan payment protection to borrowers who didn't want the cover, couldn't benefit from it or simply didn't know that they were buying it! Lenders used every trick in the book to rack up the sales and consumers paid the price, in more ways than one. Now because of greater public awareness, literally millions of individuals are claiming back bank charges that resulted from mis sold PPI. If you feel that you were mis sold PPI and are interested in filing a loan payment protection claim then there are just a few things you should be aware of.

How Loan Payment Protection Was Mis Sold

Before you can file a loan payment protection claim you need to be able to demonstrate how the insurance was mis sold. Sometimes it is easy to explain as the lender adds payment protection to the loan without telling the borrower they are doing so or perhaps has a 'tick off' box on the loan documents asking the borrower to opt out of cover. This clearly violates the rules for selling loan payment protection as this implies insurance is automatic rather than optional. Other times a lender will use tactics such as telling the consumer that he or she will have an easier time qualifying for the loan if insurance is purchased. Most of the time lenders fail to match the right insurance product to the consumer by failing to do a proper assessment interview or by failing to disclose pertinent details of the policy. Once you can explain how the lender mis sold the policy you are ready to claim back PPI.

Claiming Back Loan Payment Protection

Once you are ready to file a loan payment protection claim you may want to consider the possibility of hiring a claims management team such as Belmont Thornton. We have a team of claims specialists who work on your behalf to make certain all the proper forms are submitted and will follow up with the lender as often as needed to assure a timely response. This has been one area that brought about an abundance of complaints from consumers. Either lenders weren't responding within the required amount of time or they were waiting until the last minute to finally answer stating that more information was needed. Any tactic they could devise just served to delay processing the loan payment protection claim which meant that the consumer had to wait that much longer for an answer.

Belmont Thornton, the PPI Claim Company cannot always guarantee that you will win your claim. However, we will always discuss with you what your options are and will tell you right up front whether or not we think you have a fighting chance, so to speak. Talk to our claims team today on 0207 471 2000 to get your claim pack out the door and on its way to you. There is no way to win a claim if you don't submit it, so take a few moments to request our help and you will be that much closer to having the answer you deserve.


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Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273

Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.

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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.