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Claim Back Loan Insurance

Personal Loan Protection Insurance

Most consumers worry whether or not they will be able to make payments on any outstanding debt. This would include not only household expenses but many personal loans and secured loans that need to be paid timely before they go into default. Personal loan protection insurance, on the surface, sounds like a very good cover to have. Lenders sell it on the idea that the insurance will kick in making payments if we are unable to do so as a result of losing your job or becoming too ill to work for any extended amount of time. Unfortunately, personal loan protection insurance doesn't often work as it should since so many people are excluded from being covered for a great number of reasons. This is that lenders know this and simply failed to disclose this information to the borrower before he or she opts to purchase payment cover. This is an obvious example of mis sold cover and a good reason for reclaiming PPI.

Misleading Sales Tactics

Knowing that the consumer is concerned about not being able to make payments from time to time, lenders who want to increase their bottom line could prey on those fears. In the past, some used misleading sales tactic to make a sale. Keep in mind that personal loan protection can add as much is 13%-25% of the loan amount on top of what is already being borrowed. Lenders have been known to sell personal loan protection insurance to consumers who are unemployed, self-employed, temporarily employed and even to people who have pre-existing medical conditions which would exclude them from cover.  To claim back bank charges that resulted from mis sold PPI is necessary to file a claim directly with the lender. Keep in mind that banks are sometimes slow to review claims, but you do have the right to file an appeal with the Financial Ombudsman Service if your claim is rejected.

Professional Claims Advice

 Belmont Thornton is registered with the Ministry of Justice and has thousands of satisfied customers. To get more information and assistance filing a PPI claim on personal loan protection insurance that was mis sold, talk to a claims specialist on 0207 471 2000 There is no time like the present for filing that claim.

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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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