Belmont Thornton Logo
Claim Back Loan Insurance

Which Payment Protection Insurance

Any charges on your loan agreement or monthly statement that pertain to an insurance policy should be reviewed carefully, as they may be related to a payment protection insurance (PPI) policy. Mis sold payment protection has become a rampant financial problem during the past six years, as hundreds of lenders, credit card companies, mortgage brokers, and financial institutions have begun offering insurance policies for no other purpose than to increase profits. Consider the following information to learn which payment protection insurance guidelines, eligibility requirements, and claim estimates to learn about before proceeding with your claim.

Which Payment Protection Insurance Claim Estimate Should You Trust?

Due to the claims being filed in the United Kingdom, a multitude of companies have begun offering claim estimates to clients who are interested in reclaiming PPI payments. In general, the cost of a PPI policy can range anywhere from thirteen to fifty-six percent of the total loan amount. In other words, the average PPI claim will bring in about £2500 to £3000 (about the typical cost of a PPI policy on an unsecured £10,000 personal loan. Consumers who have been making repayments towards a mortgage or a business loan with a value greater than £10,000 may be able to reclaim the most. You may want to consider recovering funds allocated to PPI if your lender did not fully disclose the coverage requirements and exclusions for the PPI policy, or failed to adequately inform you of the policy price.

Which Payment Protection Insurance Claims Will Not Be Honored?

Any consumer who can prove that his/her policy was mis sold PPI should be able to receive a complete refund for all of the funds allocated towards a PPI policy premium or monthly payments, including additional interest charges caused by the policy. Fortunately, about 90% of PPI claims have been honored during the past couple of years, as several financial institutions have released information that reveals the seemingly ubiquitous nature of PPI mis-selling new UK. Contrarily, the majority of PPI policyholders that attempt to receive repayment assistance from the insurance company are not able to do so. However, by filling out a quick claim form on this page and/or participating in a free consultation you can begin the process of recovering PPI payments.

Which Payment Protection Insurance Eligibility Guidelines are the Most Important

While the coverage requirements will vary based on the fine print of the loan agreement, most borrowers will have their claims denied due to of ineligibility. A PPI policy is deemed mis-sold PPI if the loan provider persuades the applicant into believing that a PPI policy is a compulsory element of loan approval, or that not purchasing the PPI policy may decrease the amount that can be borrowed. You should have been told that you were ineligible for a policy if you were under age 18 or over age 65, self-employed, were enrolled in a full-time education, or already had an equivalent policy with your employer when you applied for the loan.

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