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Money Back from Loan Protection

Mis sold payment protection insurance has taken over the front page of the news on more occasions than one within the past several years and UK consumers are still anxious about whether or not they will be able to get money back from loan protection. With growing numbers of claims coming in, there is some amount of concern that lenders just won't have the funds to make good on payment protection refunds. In fact, some of the high street banks are setting aside billions of pounds to make good on giving money back from loan protection that had been mis sold over the past six years. Barclay's has already set aside £1bn for just that purpose and other banks are following their lead.

Why Are Banks Refunding Payment Protection?

Unless you have been in a vacuum these past few years, you have undoubtedly heard about the PPI racket as the Citizens Advice Bureau is calling it. Lenders have been misrepresenting payment protection, coercing borrowers into buying the cover and even adding it to loans without the consumer's knowledge. Payment protection insurance is almost all profit and lenders, seeing what a cash cow it is, have been using any means at their disposal to sell it. However, now they are literally being forced by government rules and regulations to give money back from loan protection so they ultimately have no choice in the matter.

How to Get Money Back from Loan Protection?

In order to get your money back from loan protection you will need to file a mis sold PPI claim. The first step is to be able to substantiate how you were mis sold PPI and after that standardized claim forms are to be completed, signed, dated and submitted to the lender. Also, you will need to calculate exactly how much money you have paid into mis sold PPI and request that amount back. This means having an understanding of how you were charged, whether in single payment premiums when the loan was agreed on or with monthly payments that change as the account balance changes on revolving lines of credit. It can be a bit complicated, which is why so many UK consumers are turning to PPI claims management companies to file payment protection insurance claims on their behalf.

If you feel that you have money coming back to you from mis sold loan insurance, take a few moments to call the claims team at Belmont Thornton, Belmont Thornton. You will speak with a member of the specialist team who will be able to address any concerns you have whilst helping you to determine whether or not you have been mis sold PPI. Within just 24 hours you can be on the fast track to claiming back PPI because the claim pack will be in the post and on its way to you. We work on a no win no fee* basis so that your initial consultation is free and you won't pay if you don't win. Call us today on 0207 471 2000 and joint the thousands of UK consumers who have claimed back payment protection with Belmont Thornton.

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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.

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

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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.

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