PPI refunds could be an alternative to debt consolidation as increasing amounts of providers are having their licences cancelled.People in financial difficulties and in need of help should speak to an independent organisation before signing up to debt management schemes, said David Rodger, managing director of Debt Advice Foundation."Registered debt charities such as ours provide free and impartial advice, so individuals can find out what their options are and decide the best course of action for their particular financial situation," Mr Rodger stated.The Office of Fair Trading recently cancelled the licences of 62 debt management companies and some fee-charging firms have been accused of misleading customers about potential charges for the management.Other companies had their licence revoked because they pretended to be a charity.Consumers have already received more than £215 million in PPI refunds this year, according to the Financial Services Authority.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
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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.