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PPI Check

When you file a successful claim against your lender for mis sold PPI, the thing you are waiting for of course is that PPI check that will compensate you for what you have spent on this cover. Except, that PPI check may be a long time in coming as you will first need to prove that PPI was mis sold and then you will need to go through the entire claims process which may also result in an appeal before the Financial Ombudsman Service. Here is some information you might find helpful when trying to file a claim in order to get a PPI check for money you have spent on mis sold PPI.

The High Cost of PPI

First of all you will need to take into account exactly how much money you have paid into PPI cover and after that you should be able to file a claim with your lender for loan protection insurance that was mis-sold to you in the first place. The key to getting a PPI check from your lender is to prove that you were mis-sold payment protection insurance. This is not always easy to do and you will have to prove on what grounds you feel you were mis-sold this cover. Although the cost is extremely high that has no consideration in whether or not you would be able to successfully win a mis-sold PPI claim. In most cases payment protection insurance costs between 13% and 56% of the total amount you are borrowing. This is a high amount indeed especially when you take into consideration that it was a cover you may neither wanted to nor could afford.

How to File a Successful PPI Claim

It should be apparent by now that the best way to file a successful PPI claim is to be able to prove that you were without any doubt mis-sold loan insurance. Either the lender didn't tell you that they were placing payment protection insurance on your loan or they are guilty of misleading you into believing that you would be covered when in fact you are actually amongst the groups who are excluded. Perhaps you were unemployed at the time that you took up a loan or maybe even you were a full-time student or self-employed person. No matter which reason for which you would be excluded from cover, if you are amongst those groups is a blatant example of mis-sold PPI and there is no reason why you shouldn't qualify for a PPI check.

If you are ready to file a mis-sold PPI claim against your lender you can choose to either file on your own or utilize the services of a PPI claims company. Belmont Thornton is registered with the Ministry of Justice and also with Information Commissioners Authority and has extensive experience in PPI claims in the UK. If you are looking for a claims company who can help you understand the process and what to expect each step along the way call 0207 471 2000.

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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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