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PPI Facts

One of the more popular PPI facts is that this form of insurance is optional. Lenders are not to force individuals to purchase payment protection insurance at the time of requesting a loan. Another one of the many PPI facts that the general public can be made aware of is that PPI is insurance for the employed. This excludes redundant employees, students and anyone who is not employed as well as self employed or sole traders. Individuals falling within this category are not to be sold PPI. There are many other PPI facts which will allow individuals to make proper decisions when pursuing payment protection claims.

Important Facts on PPI

  • The Financial Ombudsman Service is the official government agency responsible for the settlement of financial issues between financial businesses and consumers. Therefore any dissatisfaction achieved in trying to pursue PPI claims on a client's behalf is taken to the FOS by Belmont Thornton.
  • All individuals purchasing PPI from a lender have the right to pursue a PPI claim if the PPI purchased was mis sold and within a pre-defined time period.
  • A PPI holder with fears of having been mis sold can handle a PPI claims issue personally however it is the insurance holder's right to have someone represent and handle the PPI claim on their behalf. There are professional claim management companies to render assistance if this is required.
  • More than one PPI claim can be pursued at any given time. There is nothing preventing PPI holders from recovering PPI on more than one loan.

Controversial PPI Facts

With the controversy surrounding PPI it is important that individuals become aware of important PPI facts. This will aid in identifying a problem that might have occurred when the loan was being requested at a financial institution.

Belmont Thornton Limited/Belmont Thornton can identify if there is, in fact, a case of mis sold PPI and make the claim process as simple as possible for the involved persons. Individuals need to be aware that claiming back on PPI is a right to be exercised if miselling has in fact taken place. There is no need to fear the lending institution. Call the claims team of Belmont Thornton today and begin a PPI claim process in as little as twenty-four hours. The team awaits your call at 0207 471 2000 or simply fill out the claim form on their website.

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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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