Belmont Thornton Logo
Claim Back Loan Insurance

Loans with PPI

Loan protection insurance is a very common thing. In fact, just about all loans and credit lines that have been received over the six to ten years have had this type of cover sold alongside them. Many lenders even use scare tactics such as making people believe that the approval of the loan or credit line is in jeopardy without the loan insurance. This is not only unethical but it is nowhere near a legal practice.

You will find that adding PPI to loans is a way of adding to their bottom lines and in extreme cases, some lenders don't even mention the cover at all! They simply add it to the loan without saying a word and it is consolidated into the actual loan payment. Sadly, most people are unaware that they are having money drained from them in this way so they go about their lives as if there is no problem, which is until they find themselves having to file a claim against their loans with PPI once they discover its presence.

Because it sounds like having payment protection can be of benefit to the policyholder, many people are questioning if loans with PPI are better. No, loans with PPI are not better. Not unless you fit into a very small group of people that can actually be approved for cover. Recent studies have uncovered that only about 13% of people who carry loans with PPI cover can file for benefits and be approved. The rest are denied for one reason or another.

It would be wiser to save money in an extra account somewhere for a rainy day fund than it is to pay what could amount to as thousands of extra pounds every year for loan insurance cover that is virtually useless to most people. Imagine paying into loans with PPI for years only to find out that you never could have been approved for a claim anyway as a result of mis sold PPI. Now understand that this is precisely what is happening to people throughout the UK every day of the week. They are being told that they are not qualified for policies they have been carrying and paying on for years!

Many people are finding that hiring professionals such as the Belmont Thornton claims team is the fastest, smartest and easiest way to get through the mis sold PPI claim process. This is because we have been dealing with this and handling thousands of cases. Mis sold PPI is not a joke and should not be taken lightly. It is a form of taking your money under false pretenses and no one should settle for this.

In fact, the more people who stand up and let lenders know that this practice is not going to be tolerated; the better the chances are that lenders will finally get the message. Loans with PPI are not all lenders would have you believe they are and the sooner people realise that the better off they would be. The hope is that one day the government will step in and eliminate this growing problem. However, until that day, it is up to the borrowers who have been affected by mis sold PPI to take action.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
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

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

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.

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