People faced with a high level of debt or those who have money concerns could make a payment protection insurance (PPI) claim to alleviate some of their financial burden.The average British household now owes £55,808 and every 14.28 minutes a home in the UK is repossessed by creditors, according to new figures released by Credit Action.Consumers are making frequent use of store and credit cards. The study states that every day through September 2011 £1.28 billion was spent on plastic payments, which contribute to the £174 million that is paid on personal interest each day by British consumersPPI claims could also help people retain some sort of income if they have been made unemployed, as the charity states that each day 1,611 individuals are made redundant.The Money Advice Trust recently announced that it expects 16,600 people who have become recently unemployed to suffer substantial debt problems at some point next year.Amir HussainAmir specialises in personal loans, consumer debt and debt management.
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.justice.gov.uk/claims-regulation
Belmont Thornton Limited 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 Limited is registered with the Information Commissioners Office. Registration number Z1728023
and holds a Credit Consumer License issued by the Office of Fair Trading license
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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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