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No Win No Fee Loan Claims

PPI mis-selling has quickly transformed into a financial epidemic in the UK, with about 50,000 consumers filing no win no fee loan claims last year alone, and more than 20 million PPI policies currently in existence. Cumulatively, these policies are currently generating about 5 billion pounds in premiums per annum. Next year 5 to 7 million additional PPI policies will be sold, which will likely result in claiming back bank charges 2011 statistics similar to those seen during the past three years. Payment protection insurance (PPI) is typically offered in conjunction with unsecured personal loans, business loans, home loans, and credit cards by lenders that are attempting to earn commissions, while also increasing the overall loan amount. Policyholders that have already been denied repayment assistance by the insurance company may want to consider the benefits of no-win no fee loan claims.

Filing No Win No Fee Loan Claims Rather Than Filing for PPI Policy Coverage

Those that are lucky enough to receive approval for policy benefits will usually have to wait at least several weeks to receive even a small sum of money. In addition, consider the fact that fewer than 15% of policyholders actually receive repayment assistance, whilst more than 90% of clients that file no win no fee loan claims against their lender receive a PPI refund. Considering the exceedingly low honoured claims ratio of PPI policies, with less than 15% policyholders seeking assistance, it may be more beneficial to file a claim against the lender that sold the policy than it would be to pursue policy coverage. Belmont Thornton will help you receive complete reimbursement for all funds allocated towards a PPI policy by expediting your PPI claim and providing the necessary, knowledge, expertise, and experience to facilitate a successful reclaim.

How Much Do Average No Win No Fee Loan Claims Offer?

While Belmont Thornton will deduct a nominal fee from the total PPI refund, you won't have to pay* unless you're able to receive just reimbursement. The typical PPI refund facilitated by Belmont Thornton ranges from about £2000 to £3000. Consumers with PPI policies that are related to unsecured personal loans that have a value higher than £10,000 may be in a position to reclaim the most. We are so confident in our capabilities that we regularly work on no win no fee* loan claims, as well as providing complimentary consultations.

Filing No Win No Fee Loan Claims against Prominent Banks

Many consumers are afraid to file any type of dispute or claim against their bank for fear that a negative item will be filed on their credit report and their credit score will be affected. However, lenders are obligated to provide reimbursement for mis-sold PPI policy payments, and many financial institutions have already been forced to refund millions of pounds. During 2010 Belmont Thornton helped tens of thousands of UK residents file no win no fee* claims, without charging any money for claims that were not successful.

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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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