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Unlawful Bank Charges

If you were offered a payment protection insurance (PPI) policy in combination with your home loan, business loan, personal loan, or credit card, you may have paid unlawful bank charges towards monthly policy payments unnecessarily. Payment protection insurance is supposed to protect you from the possibility of loan default by helping you make repayments if you become unemployed or injured. However, for most policyholders PPI provides the opposite of protection, contributing nothing more than increased monthly repayments, a higher overall loan amount, and additional interest charges. With each PPI policy sold a lender receives a commission, while also increasing the amount of the loan, thereby allowing them to earn more in interest profits.

When is it Time to See a Refund of Unlawful Bank Charges Caused by PPI?

Once you've been sold a PPI policy inappropriately and the bank charges have been deducted from your bank account, there is little recourse that you can take other than filing a PPI claim against your lender. If you attempt to file a claim for policy benefits there is an 85% chance that you will be denied repayment assistance, regardless of whether you've already paid hundreds or even thousands of pounds towards the cost of the policy. If you've already been denied repayment assistance, or you believe that your policy was misrepresented, you may want to consider filling out a quick claim form and initiating the process of reclaiming mis sold payment protection.

How Much Can You Reclaim in Unlawful Bank Charges Caused by PPI?

While it is not possible to guarantee an exact reclaim amount, most of our clients will receive between a £2000 and £3000 refund when filing a claim related to a PPI policy that is attached to a loan with a value of greater than £10,000. In fact, studies conducted by the financial ombudsman service (FO West) reveal that the total cost of a PPI policy premium can range anywhere from 10% to 56% of the overall loan amount. Although PPI policies that are paid for by recurring monthly payments will usually be cheaper, individuals that have been making payments towards the policy for a long period of time may be able to recover just as much as someone that is reclaiming mis sold PPI on a larger personal or business loan.

How Much Might it Cost to Recover Unlawful Bank Charges Caused by PPI?

Since we won't deduct a fee at all* unless you are able to successfully claim back unlawful bank charges caused by PPI, the cost of filing a PPI claim against your lender is truly nominal. Not only are there no upfront investments required, you also don't need to worry about paying for our services unnecessarily, as we will provide invaluable guidance on how to proceed with receiving a full PPI refund. Only after we are able to recover unlawful bank charges caused by PPI will you be required to pay a very small percentage of the PPI reclaim.


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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 www.gov.uk/moj/cmr 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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