Credit card payment protection insurance (PPI) claims can be "huge", it has been said.The Nottingham Post revealed that some of these PPI claims have reached upwards of £20,000.Furthermore, banks will have to send around 12 million letters to members of the public informing these people that they are eligible to make a claim for PPI compensation.Lord Justice Ousely made it clear to banks and credit card companies that "even those that had not complained should be notified that they may have cause to complain", the publication noted.It pointed out that the amount of money earmarked for PPI refunds began at £1 billion, but then increased to £3 billion, rising to figures of £4.7 billion and £6.6 billion before recently breaching the £10 billion mark.Furthermore, it will "probably end up around £14 to £15 billion", the news source declared.The misselling of PPI is set to become the "biggest consumer financial scandal of all time", Which? chief executive Peter Vicary-Smith recently said.Samantha Clarke Samantha is a former banking assistant and has over ten years experience in retail banking.
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/search.aspx
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. Registration number Z1728023
and holds a Credit Consumer License issued by the Office of Fair Trading license
Please note that calls may be recorded and email traffic monitored for the purposes
of security and 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