Payment protection insurance (PPI) charges attached to most store cards are a "disgrace", it has been suggested.According to Love Money, many retailers will be convincing consumers to take out store cards in the run up to Christmas so that they can shop throughout the festive season.However, the personal finance website said that the cards often serve as a "trap for the unweary".It suggested the first drawback of store credit is the "astronomical" rate of interest that usually accompanies it, with cards from leading high street names typically carrying an APR of 28 to 30 per cent.On top of that, the website advised: "The PPI premiums charged by store cards are a disgrace, so just say no to this massively overpriced cover."This month, the Daily Herald suggested that banks are using PPI charges as a way to subsidise low interest rates, even though claim rates for this type of cover remain low enough not to justify its inflated costs.Belmont Thornton can help you make a PPI claim – Payment Protection Insurance Claim, or a credit card charges claim. For free PPI Claim advice call 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim pack or credit card charges claim pack.
Belmont Thornton is a specialist Financial Claims Company 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 registered office is at 24 Glenrosa Street, London SW6 2QZ and whose head office is at 6 Stephendale Yard, Stephendale Road, London SW6 2LR. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioner's Office (I.C.O.) to ensure compliance with the Data Protection Act 1988. Registration Number Z1728023 and holds a Credit Consumer Licence issued by the Office of Fair Trading licence number 634655.
* 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 commencement, you do not wish to continue pursuing your claim with us. Please see our terms and conditions.