Belmont Thornton Logo
Claim Back Loan Insurance

Loan Protection Pay Back

With many borrowers being financially insecure nowadays it is relatively easy for an unscrupulous lender to persuade loan applicants into purchasing payment protection insurance (PPI) unnecessarily. A PPI Policy is considered to be mis-sold any time the lender fails to inform the borrower of the PPI policy's terms, conditions, costs, and coverage requirements. Borrowers are supposed to be regarded ineligible for a PPI policy if they were older than 65, under 18, had a temporary job, where attending college full-time, or already had a similar policy with their employer when the loan was finalised. Since many lenders simply ignore the aforementioned eligibility requirements one selling PPI policies, is not surprising that the majority of claims for benefits filed against PPI policies are denied.

How Much Can Loan Protection Pay Back?

Individuals that have been mis-sold a PPI policy may be able to reclaim the entire row you of the policy, including additional interest caused by the increased monthly repayments. The average PPI refund facilitated by Belmont Thornton is £2500, and the total cost of a PPI policy can range anywhere from 10% to as high as 56% of the overall loan amount. In fact studies published by the financial ombudsman service show that some £10,000 unsecured personal loans have attached PPI policies that cost as much as £5,000. In addition to the basic cost of the policy and the additional interest, you may also receive a refund for bank charges (i.e. - overdraft fees) caused by unauthorised PPI policy payments.

How Do I Receive Loan Protection Pay Back?

Belmont Thornton offers a free consultation during which we'll systematically evaluate your case after asking fairly basic questions regarding the PPI policy and how it was mis-sold. After deciding to participate in a free consultation you can decide whether or not to attempt to claim back PPI payments from the lender as per the guidance of Belmont Thornton and surprises simply fill out a quick claim form on this page and you'll be sent a packet in the post containing instructions on how to pursue a PPI refund from your lender. Fortunately, you're not alone in pursuing reimbursement for PPI policy payments, as there were over 50,000 PPI refunds in 2010.

How Long Does It Take to Receive Loan Protection Pay Back?

Utilising the assistance of Belmont Thornton will not only facilitate a better probability of succeeding in claiming back PPI, it will also decrease the amount of time it takes to receive a PPI refund. The full claims process normally requires between 1-2 months, dependent upon several factors including the amount of information provided by the claimant, and the financial institution's willingness to negotiate. After contacting a PPI claim specialist and requesting a cost-free consultation you should be given a thorough response in a matter of 24 hours, after which you can decide whether you'd like to pursue a claim against your bank.


Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr 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.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* 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.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide