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Claim Back Loan Insurance

Recovering Payment Protection

Payment protection insurance (PPI), is also referred to by a slew of synonymous terms, including but not limited to, loan protection and repayment coverage. PPI is often promoted by unscrupulous lenders, brokers, and credit card companies that convince borrowers into believing that a PPI policy is either mandatory or could provide crucial repayment assistance in times of need. However, statistics released by the Financial Ombudsman Service (FOS) reveal that less than 15% of policyholders will receive policy benefits when filing a claim against their policy. Despite this fact, a large percentage of loans, credit cards, and mortgages are still sold with attached PPI policies, ultimately resulting in approximately 50,000 to 70,000 UK consumers recovering bank charges related to PPI annually.

Recovering Bank Charges Caused by PPI without Directly Dealing with Your Bank

In order to begin recovering loan protection payments from a financial institution that mis-sold you a PPI policy you'll simply need to request a claim pack from our claims team and then follow the instructions contained within the packet you'll receive in the post in just a couple of days. Unfortunately, many consumers hesitate to initiate the PPI claim process because they are intimidated by the challenge of having to confront their lender and risking the possibility of damaging their credit score if the lender decides to file a negative item on their credit report. Launching the payment protection insurance claims process is as simple as submitting a claim form and engaging in a no-risk consultation with a PPI professional.

Recovering Loan Protection Payments in Less Than Eight Weeks

While the actual amount of time it takes to receive total compensation varies between each case, the whole process almost always lasts no more than 2 months. The initial consultation process usually takes less than twenty four hours, after which your compensation claim will be handled by Belmont Thornton, Belmont Thornton. We have a strong track record of success in claiming back PPI which may also mean that we can lessen the time it takes to claim back PPI. This is because your claim will be ready to be reviewed when it reaches the lender and all information should be contained therein. It should be noted that it may take several days to a week for the claims pack to arrive in the post after you requested our claims team send one to get started on your claim.

Recovering Payment Protection with No Obligations

Aside from receiving full PPI compensation in less than two months, our clients can also take comfort in the fact that they will not be required to pay anything* unless we are successful in obtaining total reimbursement for the amount of money spent on the mis-sold PPI policy. Many consumers that have unknowingly paid hundreds or even thousands of pounds for a PPI policy are hesitant to make any more financial commitments for fear that they may incur more debt. Fortunately, recovering loan protection payments will not require an additional investment unless we are successful in reclaiming the cost of your PPI policy premium. Given the fact that a premium can cost several thousand pounds, the true cost of recovering payment protection insurance charges is nominal.

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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 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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