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Claim Back Loan Insurance

Bank Charge Claim

Payment protection insurance can actually be sold to provide cover on any type of loan but most often you will see mis-sold PPI attached to bank loans, mortgages or credit cards. Whether the lender knowingly or inadvertently mis-sold PPI to consumers doesn't really matter except for the fact that it still remains mis-sold PPI and thus qualifies to be the basis for PPI claims.

PPI Claims: Insurance Company Versus. Lender

When filing a claim to get a refund on a bank charge, it is important to understand that even though this is an insurance product the bank charge claim would be filed against the lender. After all, it was not the insurance company who mis-sold the policy but the lender who mis-sold it. As a matter of fact, this is where many people go wrong when filing a claim against a bank charge.

Credit card bank charges

The dramatic rise in the number of people making a PPI reclaim was sparked by a 2006 investigation by the Financial Services Authority. In the same year the Office of Fair Trading investigated the charges applied for late payment and over the limit fees. Their investigation revealed that some of the charges applied were unfairly high. As a consequence, they recommend that all late payment and over the limit fee charges should be dropped to £12. This figure took into consideration the cost of postage, staffing and IT systems. Since the investigation, most lenders have dropped their charges to £12 and now, if you have paid unfair charges in the past, you may have the right to make a bank charge claim.

If you have been mis-sold Payment protection insurance, PPI, or have paid unfair bank charges you have the right to make a complaint. If you would like assistance, you can contact Belmont Thornton on 0207 471 2000 to speak with a member of the claims team to help you get your claim back of bank charges underway.


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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 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

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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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