Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI claims could be alternative to payday loans

People who are considering taking out a payday loan may discover it is more financially prudent to make a payment protection insurance (PPI) claim.

Recent research from R3 found that 45 per cent of British consumers are finding it hard to make their incomes last between monthly pay checks and that has resulted in 3.5 million thinking about using a payday loan.

The study found that 60 per cent of individuals who have already used the high interest form of credit regret the decision, while 48 per cent believe that payday loans have made their financial position worse.

"Payday loans are not the best way to resolve debt struggles. We know that many who take them out find them to be a negative experience, often escalating financial troubles," stated Frances Coulson, president of the group.

Consumer Focus' director of financial services Sarah Brooks said that the regulation of the payday loans sector needs to improve.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management. ADNFCR-2776-ID-801233039-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

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 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