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Reclaiming PPI on Credit Cards

If you thought it was difficult reclaiming PPI on bank loans you just might be in for a shock at how difficult it may be reclaiming PPI on credit cards. Perhaps this is because PPI on credit cards is assessed in a different manner than it is on loans such as mortgage loans or even personal loans. As well, not all credit card companies collect premiums in the same way. Payment protection insurance is generally paid upfront just once when a loan is taken out and this could very well be the case with credit cards as well. Some financial institutions that issue credit cards may take a one-time premium while others may charge on a monthly basis. In your case if PPI was mis-sold you have the right to file a claim with your lender to get your money back.

Reclaiming PPI Credit Cards Procedure

Even though PPI premiums might be a bit different on credit cards and they are on loans the procedure would follow pretty much the same route. You would need to file a claim against the credit card issuing financial institution, wait for response and hope for the best. We all know that banks and private lenders are not fond of giving us our money back and financial institutions that issue credit cards are no different. The reclaiming PPI credit cards procedure simply means that you will be filing that claim against whatever bank or lender issued the card. At this point once you have determined how you were mis-sold payment protection insurance you would file a PPI claim for a refund of your money.

Do I Need Help Reclaiming PPI on Credit Cards?

Theoretically you really don't need help reclaiming PPI on credit cards however by enlisting the services of a PPI claims management company of process can be all what smoother. These professionals handle claims day in and day out and as a result, know the ropes. Where you would be spinning your wheels trying to get a response they may indeed be able to circumvent some channels it in order to speak with the person who makes the decision. It only stands to reason that once you have been doing this for any length of time you get to know the lenders who have become the biggest offenders. Whilst no one can guarantee that this will mean a more favorable outcome to the claim it can open doors for a successful negotiation.

If you find that you need help with the reclaiming PPI credit cards claims process you could always contact the claims specialist team at Belmont Thornton. You will not be asked to pay any fees for the consultation and you may come away with a much better understanding of what is involved in reclaiming PPI on credit cards. If you should choose to utilize the services of Belmont Thornton you should know that they work on a no win no fee contingency basis and if you win they win as well.


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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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