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Recovery of Loan Protection

Various types of loans are often sold with PPI policies to increase profits for lenders, brokers, financial institutions, and credit card companies by raising loan amounts and causing additional interest to be charged. You may have recently noticed mysterious charges or fees related to an insurance policy on your monthly loan or credit card statement which prompted you to research mis sold PPI. Many times a lender will include the PPI policy as a part of the overall loan amount, causing the borrower to pay for the policy unknowingly in monthly increments.

Reasons to Use Belmont Thornton's Assistance in the Recovery Loan Protection Payments

Being one of the premier PPI claims companies in the United Kingdom we have the expertise needed to assess your case and provide crucial advice related to the recovery of loan protection policies. Contracting the assistance of Belmont Thornton won't just facilitate a higher probability of success in claiming back PPI, it will also expedite the process of claiming back payment protection payments. The entire claims process usually requires about four to eight weeks, subject to multiple factors, including the lender's willingness to comply. The average consumer may receive a full PPI refund in just eight weeks, which is similar to the time it takes for only fifteen percent of PPI policyholders to receive even the smallest amount of repayment assistance.

How to Initiate the Recovery of Loan Protection Charges

After you've filled out a quick claim form with your basic contact information and details regarding the loan or PPI policy you should be given a personalised claims pack in the post within a couple of days, after which you may assess whether you'd like to pursue a claim against the lender. Belmont Thornton offers a free consultation that will allow us to attentively review your situation by asking relatively basic questions related to the amount of the loan, loan type, and the lender that mis-sold the PPI policy. After participating in a free consultation you will be able to think about if you should pursue the case based on the advice of Belmont Thornton, at which point the process of filing a claim would begin.

Studies Related to the Recovery Loan Protection Payments

Since 2006, various financial authorities have conducted studies related to the recovery of loan protection payments in the United Kingdom. Although an increasing number of consumers are reclaiming charges caused by PPI each year, studies have shown that at least 7 million policies are created annually, and 95% of them could be considered mis sold payment protection. Given the high rate of honoured PPI refunds during the past six years, primarily due to the increased scrutiny of PPI, all of our clients have a great chance of success receiving total compensation for PPI payments in 2011. Overall, you're more likely to succeed in reclaiming PPI payments from the creditor, than you are in endeavouring to obtain benefits from the mis-sold PPI policy.

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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 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.

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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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