Belmont Thornton Logo
Claim Back Loan Insurance

Was I Mis Sold PPI

Payment protection insurance (PPIO), also commonly known as loan protection insurance, is often touted as a type of cover that will provide protection for borrowers who are unable to make repayments due to unemployment. However, for most policyholders PPI does exactly the contrary, consuming funds unnecessarily by increasing monthly repayments and/or dramatically increasing the overall loan amount. Despite the fact that payment protection insurance (PPI) has an overall a claims ratio of about 20%, and the second-lowest claims ratio next to that is 55% (for household insurance). The claims ratio depicts what percentage of policyholders' investments is awarded by an insurance company each year in claims. In other words, for every pound spent by a PPI policy holder, only £.20 is paid out in loan insurance claims.

Devising a Plan of Action Before Reclaiming PPI

Instead of falling victim to financial difficulties and defaulting on your loan, mortgage, or credit card payments, consider the advantages of filing a loan insurance claim against your lender. Most of our clients receive full compensation within eight weeks, which is similar to the waiting period for receiving PPI policy benefits. Nonetheless, with the amount of PPI refunds being honoured in the UK annually it is becoming a lot less time consuming to successfully complete a PPI claim. The money received through a PPI claim can give you the financial help needed to avoid a loan default and keep your credit score intact.

Was I Mis Sold PPI that Cannot Be Reclaimed?

Our PPI specialists have the knowledge and expertise needed to facilitate a loan claim back with minimal input from the client. To proceed in the claims process fill out a quick claim form and you'll receive a pack in the post that will explain how to proceed in claiming back a portion of the loan that was allocated to a PPI policy. So long as it can be proven or sufficiently suspected that the loan protection insurance coverage was mis-sold, either through misinformation or misleading salesmanship, you may be successful in claiming back PPI. A lot of borrowers who are already having difficulties financially and are in desperate need of assistance are so concerned about the possibility of being denied for a loan that they're almost coerced into paying more for a loan insurance policy.

Was I Mis Sold PPI like Millions of other UK Borrowers?

About thirty percent of the cases sent to the Financial Ombudsman Service (FOS) each year are related to customers reclaiming PPI on credit cards or loans. About two thirds of the incidents looked at pertained to various lending products, and another forty percent were associated with credit cards and mortgages. While PPI policies may add up to 15 - 50% percent of the original loan amount, as few as fifteen percent of clients obtain benefits. More than 31,000 claims were filed against lenders in the last quarter of 2009, and some analysts expect that at least 80,000 consumers may try to reclaim PPI payments in 2011.

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