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Loan Protection Misselling

Loan protection misselling is rampant these days. Lenders all over are selling people these ridiculous payment protection insurance policies knowing full well they do not need them or cannot use them. It seems foolish and without being able to understand what the motivation is it leaves a lot to ponder over. Why would lenders sell people policies they do not need? The answer is really so simple, it is about money. Lenders make more money by charging you more money. It is a vicious cycle that needs to be stopped. Loan protection misselling should not even be legal yet somehow lenders are doing it every day.

Legal Mandates

Because there legal mandates have been slow in coming in regards to loan protection misselling, lenders got away with literally taking with few or no repercussions until quite recently. Some believe these mandates are strong enough to discourage future mis selling of PPI. This is not enough to stop them doing it though, is it? Apparently it is not as projections for the coming two years show that millions more will be filing payment protection claim suits. This means that there seems to be no end in sight and that the only thing people can do is file to try and get compensation for loan protection misselling.

What Is Loan Protection Misselling?

Loan protection misselling is when a lender sells a borrower a PPI or payment protection insurance policy that the lender is aware will not help that borrower. Loan protection misselling also happens when a lender fails to alert a borrower about all of the facts surrounding loan protection insurance. In an even worse case scenario a lender attaches loan protection to a person's loan without ever telling that individual. Some could say that this is less than ideal behaviour from people who are supposed to be professionals. Of course this does not speak to ever lender as there are some that are still honest. However, the lenders in question know who they are.

Hiring Belmont Thornton

Once someone knows that he/she has been sold an insurance cover that is absolutely of no use to them, the first thing that may happen is that the person will become belligerent and angry. And, of course no one could blame him/her! This is where a company such as Belmont Thornton can be very helpful. They have seen so many people filing PPI claims that it is unreal and they have helped those people see those claims through to the end. This is the easiest and fastest way to file a payment protection claim. The great part of all this is that we here at Belmont Thornton do not believe that you should have to put up another pound until you have received your refund. Therefore, we are not going to charge you until your claim is settled. In addition, the consultation is free as well.

There should be nothing holding you back from filing a claim if you have been mis sold loan insurance. Think about all the money you have paid in and ask yourself why you should allow it to stay in the lender's hands when it never should have come out of yours in the first place.

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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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