Belmont Thornton Logo
Claim Back Loan Insurance

PPIs

Even though there has been an inordinate amount of news regarding PPI and the whole PPI scandal concerning the lending industry in the UK some of us just aren't familiar with what the term PPI stands for. Of course, anyone who hasn't ever had a policy may not know what PPIs are. PPI stands for payment protection insurance and it is insurance added to a loan in order to provide cover should the borrower suddenly find himself or herself without work. This loss of work could be due to acciden, illness or involuntary unemployment. PPIs then are policies meant to protect the consumer but in reality often provide very little cover.

What Is All the Controversy About?

Initially, PPIs were meant to make payments on loans when a borrower lost a job perhaps from getting laid off, having an accident or suffering from an illness. In theory this is a great thing because being without work is stressful enough but being without work and having loan installments to pay is another matter altogether. The controversy stems from the fact that lenders were adding PPIs to loans other without the borrower's permission or by misrepresenting what the cover could do. Sometimes lenders were even telling consumers that they needed to have this cover or they wouldn't qualify for the loan. In all of those cases it constituted misselling PPI which enables the borrower to file a PPI claim.

Filing Claims against PPIs

 Many consumers are now turning to PPI claims companies to help them with the whole claims process from filing the claim through to filing an appeal if that should become necessary. PPI claims companies are also experts in the art of negotiating with lenders for compensation to the borrower. Many of these companies work on a no win no fee basis and will not charge for the initial consultation unlike PPI solicitors who charge a retaining fee and then by the hour as the claim proceeds.

Belmont Thornton, Belmont Thornton, work only on a no win no fee* basis. The claims team are on hand at all times to answer any questions or concerns you may have along the way. To find out whether or not your loan had mis-sold PPI attached to it contact the claims team at 0207 471 2000. Within a day you can have a claims packet sent out to you in the post and could be on your way to getting that mis-sold PPI refund.


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