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PPI Reclaim Companies

PPI reclaim companies are companies set forth with the goal in mind of providing a service in which they aid a PPI policy holder in receiving financial compensation for monies lost in relation to the PPI company and the loans covered in those policies. The average citizen in UK has either filed for a PPI reclaim, knows someone who has filed for one, or at the bare minimum they know what one is. A PPI reclaim is where a policy holder of payment protection, loan insurance, or loan protection feels as though they have been mis sold PPI.

What Is PPI?

To further understand the reason why there are so many PPI reclaim companies and why so many policyholders want a PPI reclaim we must first identify what is PPI and how such a big problem became. Loan protection, loan insurance, payment protection, payment insurance, or payment protection insurance are some of the terms used when referring to PPI. The desired reason for these type of services was to ensure that in a time of financial crisis in a borrowers life they will be safe against those tough times because payment protection was supposed to be for the benefit of the borrower in the realm of the payment protection company to pay the monthly installment of whatever bill that was insured.

The setup was perfect, people who were getting loans felt as though they were creating a safety net in case of financial turmoil but, unbeknownst to the borrower many times they were mis sold payment protection often times making the insurance useless. Being mis-sold a payment protection insurance policy is the only way in to which to receive a refund. Ways to be mis-sold payment protection are include policies being added without the customer's knowledge. Other very common ways in which lenders broke the rules in relation to payment protection are lenders not explaining the full terms and conditions of the policy or not explain the cost in relation to the loan.

Where to Turn?

If you feel as though you are entitled to a PPI reclaim by being mis-sold a payment protection policy you should contact one of the many PPI reclaim companies. The PPI reclaim process normally consists of the policyholder filling a payment protection reclaim form in which they are to produce as much information regarding to the payment protection policy and the loan or credit card in which rotation was placed upon as possible. The next step in the process would be for the borrower to get in contact with a payment protection claims team.

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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.

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