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Payment Protection Insurance Reclaim

Eligibility for Payment Protection Insurance Reclaim Benefits

In order to be eligible for payment protection insurance reclaim benefits it must be first substantiated that you have been mis-sold PPI cover. Although there are different reasons in which people claim they have been mis-sold PPI cover it doesn't really matter which rule the lender broke it only matters that rules were broken. You cannot file for payment protection insurance reclaim benefits if you were not mis-sold PPI. This is one of the most common misconceptions which consumers have. You cannot reclaim something that doesn't rightfully belong to you but you can file for payment protection insurance reclaim benefits if that money should have never been taken from you in the first place. Only consumers who have a valid payment protection claim can hope to get a refund from the lender that mis-sold them PPI.

What Is the Payment Protection Insurance Reclaim Procedure?

If you are sure that you have been mis-sold payment protection insurance then you are eligible to file a claim for refund. As mentioned above, the payment protection insurance reclaim procedure varies from lender to lender but it always begins by filing a claim for refund from the lender who sold the policy to you. According to rules established by the UK government lenders need to refund the money that you have spent on payment protection insurance if they mis-sold that cover to you. If a lender refuses to review the claim you have submitted you can file an appeal with the Financial Ombudsman Service. Unfortunately the payment protection insurance reclaim procedure is often so involved that many people simply give up and this is what many lenders are hoping for. What you can do is contract with a professional PPI claims company to both file your claim and file an appeal of necessary so that all of the worry is taken off your shoulders.

If you are thinking of contracting with a PPI claims company make sure to find one that is registered with the Ministry of Justice since all of their claims activities will be monitored by that agency. Unless you know that you are dealing with a legitimate organization you could be letting yourself in for more problems than you already have. But PPI Claim Company is registered with the Ministry of Justice and has helped thousands of UK consumers file successfully for PPI refunds. You can speak with them on 0207 471 2000

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Belmont Thornton Limited is regulated by the Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

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.

Please note that calls may be monitored for the purposes of 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.

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