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PPI Missale

It seems as though everywhere you turn you hear someone referring to PPI missale and how UK consumers are claiming back thousands in refunds against mis sold payment protection insurance. It really has become a 'big business' both in the UK as well as elsewhere around the world.

Lenders Put Claims on Hold Whilst Awaiting High Court Ruling

Now that consumers are aware of the gravity of the situation, many of them are scurrying to make claims against those lenders who were guilty of PPI missale. Unfortunately, many of those claims have been on hold because so many lenders were appealing legislation as it was worded. In effect, the government only gave jurisdiction of the payment protection insurance industry to the Financial Services Authority in 2005 which means that any policies sold prior to that were not effectively under their control. Or were they? Since the government ruled that there is no time limit on a payment protection claim, consumers were filing claims dating as far back as PPI missale policies from the late 1990's.

Dealing with the Backlog of PPI Missale Claims

Lenders felt that the FSA only had the right to rule on claims dating from the time they were granted authority over these matters but Government said no - their jurisdiction was retroactive. During the appeals process many of them literally put a hold on reviewing claims they simply built up to an extent that they cannot handle them without adding extra help. The most recent High Court ruling upheld previous legislation and rulings which means lenders must review each and every claim. They have recently announced their intention of adding at least 6,000 to the workforce to do nothing more than to help them sort out the backlog of PPI missale claims.

If you have been mis sold payment protection insurance you can file a claim against the lender either on your own or with the assistance of a claims management company such as Belmont Thornton, Belmont Thornton on a no win no fee basis.


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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 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.

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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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