Belmont Thornton Logo
Claim Back Loan Insurance

PPI Law

PPI claims have gone through the roof in recent years as people who took out loans, had credit cards, or have mortgages try and recover mis-sold payment protection insurance premiums. In the year 2010 there were almost 50,000 cases of PPI claims which was almost 20,000 more than the previous year. The payment protection downslide started in the year 2006 when the OFT (Office of Fair Trading) and the FSA (Financial Services Authority) published reports containing concerns regarding the manner in which payment protection policies were being sold.

PPI What Is It?

Payment protection, loan insurance, or loan protection is a form of insurance that is usually attached to financial products such as bank loans, credit cards, and mortgages. It was established with the intent of providing monetary coverage for the bills that come with those loans if a borrower was not able to work due to sickness, accident, or unemployment. The big problem with most of the policies mis-sold was that they broke a PPI law in some way or form constituting payment protection insurance being mis-sold.

No Cover Prompted Investigation into PPI Law

Furthermore, many people could not get the coverage they paid for which prompted an investigation into a more specific definition of PPI law. If when you signed up for payment protection insurance terms and condition were not clearly explained then the lender may have broken a FSA PPI guidelines that would entitle you to file for a PPI reclaim. If the cost of the payment protection policy was not explained to you also the lender could be breaking a PPI law and additionally, if you are not asked about any pre-existing medical conditions that may disqualify you. As well, if you already had coverage from another payment protection, loan insurance, on loan protection firm you could be entitled to monetary compensation.

Remember, payment protection could be worked into the contract of any financial agreement small or large ranging from small credit card loans up to car and home purchases. If you were unaware of the being sold PPI you have been a victim of one of the most heinous PPI crimes by lenders breaking the PPI law governing the process of obtaining payment protection insurance. If you feel as though you were wronged by financial institutions obviously the best thing to do would be to get in touch with a payment protection insurance claims company who may help you on the path of reclaiming money spent on fraudulent loan protection policies.


Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
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 www.gov.uk/moj/cmr 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