Belmont Thornton Logo
Claim Back Loan Insurance

Mis Sold PPI Calculator

Payment Protection Insurance was devised to assist borrowers in the unfortunate circumstances of becoming unemployed or ill while servicing a loan. This in itself is very good, however it seems that in many instances Payment Protection Insurance has been attached to loans; unknown to the borrower or sold to a borrower who does not fit the criteria for the insurance. Should this be the case there may be an opportunity to claim back on the Payment Protection Insurance paid throughout the duration of the loan.

Common Problems Associated with Payment Protection Insurance

The financial or lending institution should make it very clear to the borrower as to what Payment Protection Insurance is all about such as the benefits, any exclusions, the repercussions of not having this insurance and the cost of the insurance separate and apart from the cost of the loan. This will enable the borrower to make a decision that is best suited based on personal circumstances and the factors explained by the representative of the institution. Whilst this is what should have happened, in many cases it would appear that a thorough explanation was not given.

Loans have been granted to students and unemployed persons whilst being sold the PPI coverage. This naturally makes no sense since Payment Protection Insurance is coverage for employed persons and this is just one of the examples of mis sold Payment Protection Insurance. Another common mistake is not telling the borrower that the loan instalment to be repaid upon agreed terms is inclusive of Payment Protection Insurance. In some cases the Insurance part of the instalment is substantial enough that if known by the borrower; PPI coverage might not have been accepted. These are all reasons for a PPI claim to be made to the institution.

The calculation of Payment Protection Claims

Individuals who may be entitled to a claim can use the mis sold PPI calculator/estimator on the website of Belmont Thornton. This calculator is very simple to use and gives an estimation of the Payment Protection Insurance claim. The mis sold PPI calculator requires individuals to insert the monthly instalment and the duration of the loan and with this information the mis sold PPI calculator is able to provide an estimate of the claim. It is important to note that this is an approximate amount and will vary based on individual circumstances; however the mis sold PPI calculator gives an individual a ball park amount of the claim being pursued. Payment Protection Insurance can be applied to a variety of loans such as mortgages, car loans, hire purchase and credit cards. Loans may be secured or unsecured and in some instances Payment protection Insurance can exceed fifty percent of the instalment being paid to the institution. Individuals having more than one loan can input each loan separately into the mis sold PPI calculator, since a PPI claim can be made against each loan.

Belmont Thornton is ready and willing to offer any assistance in the area of Payment Protection Insurance and Claims. Take advantage of the free online mis sold PPI calculator and in as little as eight weeks these estimated amounts can become a reality. Claims handlers are available to give more information and can be contacted at 0207 471 2000. Call today and do not delay what may very well qualify as a Payment Protection Insurance claim.


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

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 www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ 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