Belmont Thornton Logo
Claim Back Loan Insurance

PPI Mis Sale

Payment protection insurance (PPI) by far is the most controversial scandal or scheme in recent years. PPI lenders have made a bad name for themselves in the financial world by doing a PPI mis sale resulting in many policyholders needing to file PPI claims. Lenders made so many PPI mis sales  that in 2010 alone there were nearly 50,000 complaints against the lenders who sold payment protection insurance, a number that was almost double the previous year's count of 30,000 complaints. It seems as though if you took a loan, got a credit card, or bought a car then you may have been a victim of PPI mis sale.

What Constitutes a PPI Mis Sale

There are numerous ways in which a PPI mis sale may happen. First of all, you must be a borrower in some shape or form including but not limited to, bank loans, payday loans, car loans, credit cards, and a mortgage. The reason for this is because payment protection insurance, loan insurance, or loan protection insurance is normally sold by lenders at the same time they lend money to consumers for any of the aforementioned reasons. The purpose of this form of insurance is to protect the borrower in the event that they may lose their job or become terminally ill that they can rest assured the payments they would normally make to their respective lenders will be paid even if they cannot. Of course this is also contingent upon whether or not they pay their monthly payment protection insurance bill.

Everything was good until a lender made a mis sale. The main ways in which lenders mis-sold payment protection insurance was to misinform the borrower as to how much the policy may cost, wrongly telling the customer PPI insurance not optional, and leading a senior citizen to sign up for payment protection knowing that they were past the age requirements set to receive coverage. Lenders were also letting someone sign up for loan protection who was unemployed at the time the loan was closed upon and some went so far as to not even let the prospective client know that they were signing up for payment protection, any of which, could constitute a PPI mis sale.

If any of the previous ways in which a PPI mis sale may occur seem as though it may be applicable to you don't feel bad there is good news for you. In the wake of the numerous PPI mis sales, there've been a large amount of companies that have opened with the sole intent of helping borrowers receive proper financial compensation for monies lost as a result of mis sold PPI by lenders. These companies known as PPI claim companies have experts who are very knowledgeable in the area of payment protection insurance and many, like Belmont Thornton also work on a no win no fee* basis. This is the best news of all!


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 B16, 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