Belmont Thornton Logo
Claim Back Loan Insurance

Recover Credit Card Charges

Anyone with multiple credit cards that lives in the United Kingdom has a good chance of having been mis-sold a payment protection insurance (PPI) policy by a dishonest lender. Payment protection insurance is supposed to provide some sort of security by ensuring borrowers that their repayments will be covered in the event of unemployment, illness, or other unforeseen circumstances. Unfortunately, many lenders fail to mention that individuals over the age of 65, those with pre-existing medical conditions, and people that already have payment protection insurance through a different insurance company, are automatically ineligible.

Why Do Credit Card PPI Policies Have Such a Bad Reputation?

In late 2006 the Citizens Advice Bureau (CAB) lodged a "super complaint" with the Office of Fair Trading, leading to investigations being conducted by the Financial Ombudsman Service (FOS) and financial services Authority (FSA), which revealed the extent of credit card PPI mis-selling in the UK. After this data was published hundreds of private lenders and even a few major banks were fined millions of pounds and were forced to provide full reimbursement for the PPI policy payments of tens of thousands of consumers.

Recover Credit Card Charges Caused by PPI after Being Denied Payment Assistance

Fortunately, even after you've been denied assistance by the insurance company it is possible to recover credit card charges caused by PPI payments by filing a claim against the lender. Not only is it incredibly common to be denied PPI policy benefits, statistics indicate that less than 15% of all PPI policyholders actually receive assistance in times of need, leaving more than 85% of policyholders in a mound of accumulating debt and no help in sight. Fortunately, with the help of Belmont Thornton you can reclaim all of the credit card charges caused by PPI, in addition to having the terms of your loan renegotiated. A payment protection claim can be defined in two ways, a claim filed against the PPI policy for repayment assistance, with about 85% being denied, and those filed against the lender that mis-sold the policy after the borrower chooses to cancel PPI, with about 90% of these claims being honoured.

How Hard Is It to Recover Credit Card Charges Caused by PPI?

In order to recover credit card charges caused by PPI you will simply need to fill out a quick claim form and provide basic details about your credit card the attached PPI policy. Within a couple days you should receive a detailed claim spec in the post that will provide instructions on how to proceed with the claims process. It should be noted, however, that it may be difficult for an individual to cancel PPI by themselves without professional assistance, and at the very least it would require extensive research and a significantly longer period of time. Ultimately, the entire claims process usually only lasts between 2 to 8 weeks, and the average amount received when a client is able to recover credit card charges caused by PPI on an unsecured £10,000 personal loan is about £2500.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
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 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.

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