Belmont Thornton Logo
Claim Back Loan Insurance

Overdraft Payment Protection Insurance

Overdraft protection insurance isn't always viewed in the same light as payment protection insurance but it is an insurance product just like PPI is but it doesn't work in exactly the same way. Even so, there are some similarities between mis sold PPI and mis sold overdraft payment protection insurance. Both types of insurance can ensure payments, of a different kind of course, so that your account doesn't fall behind.

The Purpose of Overdraft Payment Protection Insurance

When an account holder has overdraft payment protection insurance there is some amount of comfort in knowing that cheques will be honoured if there is not quite enough in the account to cover the cheque. Honest mistakes happen to good people and there will be times when cheques are written with insufficient funds in the account. Overdraft payment protection kicks in and covers the cheques so that the payee is paid and the account holder doesn't accrue an insufficient funds penalty which can be pretty stiff with some banks.

The Difference between Overdraft Payment Protection and PPI

Payment protection insurance, just like overdraft protection, is intended to make a payment if the funds aren't forthcoming. On the one hand, PPI makes a payment so that a loan doesn't go into default. On the other hand, overdraft payment protection insurance pays a person so that the account stays in good standing. They both cover payments when funds aren't available but there is usually one main way in which overdraft payment protection is mis sold but mis sold payment protection can come about in a great number of ways. The usual way in which overdraft payment protection is mis sold is by not giving the account holder the option to purchase it. However, similar to PPI, once it is mis sold the account holder has the right to file for a refund on mis sold overdraft payment protection insurance.

So Many Mis Sold Payment Protection Policies!

It appears as though virtually every aspect of the financial industry has fallen to the PPI scandal even though the lending industry has been embroiled in controversy. There doesn't seem to be the smallest corner of the entire industry that hasn't been affected in some way. Even so, the PPI claims company can help consumers get back in touch with their finances by helping them to reclaim mis sold insurance products. As a matter of fact, if you have been mis sold PPI then chances are good you may even have been mis sold overdraft insurance, especially if your checking account is in the same bank where you took out a loan!

Belmont Thornton has a claims team on hand to help you discover whether or not you have been mis sold PPI and if so, how many policies have been mis sold. If you choose to file your claims then no fee will be assessed until each claim is Won.*


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

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 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.

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