Belmont Thornton Logo
Claim Back Loan Insurance

Personal Loan Insurance Refund

At the best of times payment protection insurance is extremely costly but when you were unaware that a bank was adding it to the amount of your loan so that your monthly payments would be considerably larger this just adds insult to injury. Because so many people in the UK were simply unaware that they were purchasing payment protection insurance thousands and thousands of complaints have been registered with the Financial Services Authority. Even so it personal loan insurance refund would need to be filed in the proper manner in order to obtain compensation for money you should not have been paying.

Filing for a Personal Loan Insurance Refund

Whilst many people believe they need to file a PPI claim against the insurance company it was not the insurance company that sold you the policy. It was the bank and it is with the bank that you need to file for a refund on mis-sold loan protection insurance.

Appealing the Bank's Decision

If your bank rejects your claim you will need to file an appeal with the Financial Ombudsman Service. There are a number of forms which must be filed along with your request for an appeal among which are the original loan documents.  This is why you are advised never to include your original documents along with your loan insurance claim to the lender, especially if the loan is more than six years old. The law only requires lenders to keep a hard copy of loan documents for a total of six years after which most lenders dispose of them. Because there are so many things to bear in mind when filing an appeal many consumers find that leaving this in the hands of a PPI claims company eliminates a good deal of their frustration.

It is not going to be easy to obtain a personal loan insurance refund even at the best of times so you may want to consider hiring a PPI solicitor or a PPI claims company to act on your behalf. Many people find that working with a PPI claims company is much more to their liking simply because solicitors expected fee up front and are very expensive along the way. Contact the claims team of Belmont Thornton to get started today on filing your claim for a personal loan insurance refund.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

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 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ 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.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide