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Protection Insurance Refund

Anyone who has been mis sold PPI is probably asking the very same question, "Where can I get a protection insurance refund?" It is only normal that you should wonder how to get a refund on the money you should never have been asked to pay in the first place, and the answer to that is actually quite easy. You can get a protection insurance refund by filing a payment protection claim with the lender that mis sold you the PPI policy.

Filing for a Protection Insurance Refund

Before you file your claim it is always helpful to think about the way in which your policy was mis-sold. To be deemed to have been mis-sold a failure must have occured at the point of sale. The precise nature of the failure can vary radically from your lender giving you the wrong information to the salesperson putting you under undue pressure to you being sold a policy that you were ineligible to use. If any of these circumstances apply to you, you could be entitled to a protection insurance refund.

Why the Loan Amount is So Important

Before filing your claim it is also important to have a rough idea how much you have paid into your PPI policy as this will determine any potential refund. Many people use an online PPI calculator to help with this calculation. Many people wonder why a PPI refund calculator needs to know the amount of the loan. Actually, payment protection insurance works a bit differently than other forms of insurance. The premium for PPI is based on a percentage of the loan so it is vital to know the exact amount of the loan. Unfortunately, you will also need to know the exact percentage being charged. PPI is extremely expensive and there really is no 'usual' cost! Premiums cost anywhere from 13 to 56% of the amount of the loan. That amount is added to the loan and then the total amount is amortized. When considering that interest is paid each month on both the principal and the premium, some rather complicated calculations are required to determine the exact amount of a protection insurance refund.

PPI Claims Companies

Once you have determined the basis for your mis-selling case and have a rough idea of the refund you could expect, you should be in a position to file your complaint. Your initial complaint should outline the reason you are making your complaint and the redress you seek. Should you require help with your PPI claim, you can call The PPI Claims Company on 0207 471 2000 we work on a No Win No Fee* basis meaning you only pay if we are successful with your claim.


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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.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

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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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