Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Volume of PPI cases 'will increase for three years'

The number of payment protection insurance (PPI) complaints is going to rise for at least three years, it has been said.

Charter UK chief executive officer Paul Clark said financial services organisations no longer think the PPI misselling scandal is a "short-term 'business as usual' problem" that they can use existing systems to deal with.

Instead, they ought to expect claims for PPI refunds to continue to demand "attention and resources" for a minimum of three more years, he argued.

More than £10 billion has been set aside by moneylenders to deal with the cost of this crisis, while 63 per cent of all complaints the Financial Ombudsman Service received during the first half of 2012 related to PPI.

On an average day over this timeframe, more than 1,500 PPI compensation cases were heard by the adjudication body.

"A more robust, strategic approach to PPI remediation is a critical necessity," Mr Clark said.

Amir Hussain
Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801455395-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 
Post Code 
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 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