Belmont Thornton Logo
Claim Back Loan Insurance

Personal Loans Insurance Claims

It is feared many consumers may have been mis-sold personal loans insurance. The fears emerged as a result of investigations undertaken by the Financial Services Authority into the sale of the cover. It was revealed that policies may have been paid to customers who were unsuitable or ineligible to use the cover. As a result, personal loan insurance claims have risen dramatically.

Why Personal Loans Insurance Claims Are Not Paid

When you take out a personal loan most often you have exemplary credit. It personal loan is unsecured which means that it is your credit score that qualifies you for the loan. Many lenders mis-sell PPI by making false or exaggerated claims about the cover while others simply don't bother telling the consumer they are adding PPI cover to the loan. In any event, there are literally so many conditions and exclusions that the average person may not be able to claim against his or her policy on a good day. However, lenders know that consumers are eager to qualify for a personal loan even though they have a less than perfect credit score so the lender will act as though PPI cover will work toward qualifying the consumer loan. If for any reason that consumer needs to file personal loans insurance claims they will undoubtedly find that the policy just cover them. In understanding exactly what these exclusions are it's easy to see why personal loans insurance claims are not paid.

Personal Loans Insurance Exclusions

In some mis-selling cases lenders don't tell consumers about the main exclusions listed on the policy. Some of these exclusions include the fact that most payment protection insurance cover doesn't cover anyone over the age of 65 nor does it cover anyone out of work because of a pre-existing medical condition. If you expect your personal loans insurance to make payments because you lose your job or suddenly become ill you had better make sure that you are not covered by sick pay or are not down with an illness relating to a pre-existing condition. Personal loans insurance was designed to help people who were suddenly unemployed even if only temporarily but it never seems to work in quite that way. Other exclusions include pregnant women, self-employed individuals, those who are temporary workers and anyone out of work because of a back injury. You can see by now that there are more exclusions than there are covers.

If you feel that you have been mis sold PPI cover talk to a claims handler today to get started on a PPI claim. Your initial consultation only takes a few moments in order to establish that you have truly been mis-sold PPI and there will be no fee for this consult if you contact Belmont Thornton. In fact there will be no fee unless they win the claim for you. To talk to a representative from the claims team call 0207 471 2000

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 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.

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