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Payment Protection Back

If you have discovered you have been mis-sold a PPI policy you are probably keen to find out how to claim payment protection back. Before beginning the process it is often a good idea to find out all you can about payment protection and how claims are dealt with.

Different names for PPI

Payment protection insurance is sometimes referred to as loan insurance, card cover, mortgage payment protection or accident, sickness and unemployment. Regardless of the name these covers all, essentially, offer the same type of protection as they are designed to step in and cover repayments in the event the policyholder cannot work due to accident, sickness or involuntary unemployment. The problem is that this type of insurance doesn't always offer the level of protection you may expect and hence why so many customers choose to claim payment protection back.

The problems with PPI

There are several key issues with loan protection insurance and other forms of PPI. Firstly, the cover can be extremely expensive costing as much as 50% of the original loan amount. Also the relative low rate of payouts means that the cover doesn't always represent good value for money. Lastly, is the fact PPI has been frequently mis-sold. The problem was first exposed in 2006 by investigations by the Office of Fair Trading and the Financial Services Authority who found failures across the PPI market.

There are many different ways in which PPI has been mis-sold and many different circumstances under which you may be able to claim back payment protection. Some examples include:

If you were told you had to have the cover.

If you were told it would improve your chances of being given the credit.

If the full terms or costs were not explained to you.

If you felt pressured into taking out the cover.

If you were unemployed, retired, self-employed or in full time education at the time of sale.

If you require help claiming payment protection back or would just like some more information call 0207 471 2000


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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 B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN 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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