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Recovery of PPI

Payment protection insurance (PPI), which is also commonly referred to by a host of similar terms, including but not limited to loan protection and repayment coverage, is a type of insurance policy that is offered by greedy lenders, brokers, and credit card companies in an attempt to earn a commission. Many lenders persuade borrowers into believing that the policy is highly beneficial or even mandatory for loan approval. However, not only are PPI policies not necessary or mandatory, data published by the Financial Ombudsman Service (FOS) shows that more than 85% of policyholders will be denied policy benefits due to ineligibility. Even still, approximately 7,000,000 PPI policies are sold each year and are at least 20 to 30 million PPI policies currently in existence in the UK.

Initiating the Recovery of PPI

In order to begin recovering loan protection payments from a financial institution that mis-sold you a PPI policy you'll simply need to fill out a quick claim form and then follow the instructions contained within the claims package you received in the post in just a couple of days. Unfortunately, many consumers are afraid to pursue the recovery of PPI because they are afraid of defaulting on their loan or damaging their credit score. Initiating the claims process is as simple as submitting a claim form and/or participating in a free consultation with a PPI professional. You should feel confident going into the PPI claim process, as approximately 50,000 UK residents successfully filed payment protection claims last year alone.

How Long Is the Recovery of PPI Usually Take?

Although we cannot guarantee an exact timeframe for the recovery of PPI payments, as the circumstances of each case will vary, the entire claims process usually takes no longer than eight weeks. The initial consultation process usually takes just a couple of minutes, after which your compensation claim will be handled by a PPI specialist that will provide guidance on how to proceed with the claims process in the most efficient manner. Using the services of Belmont Thornton doesn't just make it more likely that you'll be successful in the recovery of PPI; it will also eliminate hassle and lessen the amount of time needed to receive full compensation for charges caused by a mis-sold PPI policy.

How Much Will You Have To Pay for the Recovery of PPI Payments?

Fortunately, you won't be required to pay anything unless we are successful in helping you reclaim payment protection charges as Belmont Thornton works on a no win no fee* basis. In fact, there are no upfront costs to begin the PPI reclaim process, so it would be advisable to fill out the quick claim form on this page to initiate the recovery of PPI by receiving a claims pack in the post that will provide detailed instructions on how to proceed with the claims process. Ultimately, by choosing not to pursue the recovery of PPI payments you're actually losing money, so the nominal cost of recovering PPI should be seen as a worthy investment.

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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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