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Loan Payment Protection Compensation

When you find that you have been the victim of mis sold payment protection then your first thought is likely to be in relation to claiming back any money you have paid into the policy. In fact, loan payment protection compensation is on the forefront of anyone's mind after they find that they had been misled into paying for something they didn't want, couldn't use or perhaps didn't even know they were being made to pay for! To add insult to injury, the also discovered the cost involved which made their resolve to file for loan payment protection compensation all the stronger.

How Can I Be Compensated for Mis Sold Payment Protection Insurance?

Whilst most people simply file for any money they have paid into mis sold PPI, there is another point to consider. To begin with, you should be aware of the fact that lenders are denying more PPI claims than they are approving. When the claim is then presented to the Financial Ombudsman Service for appeals, the FOS may further decide to award another type of loan payment protection compensation. Keep in mind that if you had deposited the money you had paid on mis sold PPI into a savings account it would have earned interest at the current rate. For this reason, the FOS has been awarding many consumers the money they paid into the cover as well as the interest it would have earned. They also take into consideration the extra time and effort you, the consumer, had to put into filing an appeal.

What Is the Best Way to File for Loan Payment Protection Compensation?

There are actually a few ways you can go about submitting a claim for loan payment protection compensation which would include filing through a solicitor, filing on your own or utilizing a third party claims management company like Belmont Thornton, the PPI Claim Company. Filing on your own can, of course, be done but consumers are finding that this does not always yield the best results. It is time consuming and often requires more skill and/or knowledge than the layperson is capable of providing. (Keep in mind that most lenders have a team of solicitors on staff to overcome any complaints that may be presented.) This brings us to the whole matter of using a solicitor to file for loan payment protection compensation. Solicitors do come at a high price which may not be worth consideration as it could significantly impact the amount of compensation won in the PPI claim. Finally, many people find that being represented by a third party such as Belmont Thornton is not only practical in terms of expertise, but also much more reasonably priced than a solicitor would be.

Belmont Thornton, the PPI Claim Company, works on a no win no fee* basis and has specialist claims team ready to assist you with filing mis sold PPI claims. Call the team on 0207 471 2000 to get on the fast track to claiming loan payment protection compensation. Within just 24 hours you claim pack can be on its way to you so that you can act quickly. Time may be running out so don't delay!


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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.

Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.

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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.