Payment Protection Charges
How to Start a Claim
The first thing to do when starting a claim is to make sure you have the original loan documents on hand. You will need these at various times throughout the claims process so don't let them get away from you! If you have been mis sold PPI and are trying to recover payment protection charges, you will first need to file a claim with the lender for a refund.
Filing a PPI Appeal
If your lender rejects your PPI claim you can refer your complaint to the
Financial Ombudsman Servvice. They will review your claim to ascertain the validity of it and to discern whether or not it was a clear case of mis sold PPI.
If they decide your policy was mis-sold you would normally be awarded a full
refund of premiums paid plus interest at 8%.
Estimating Payment Protection Charges that may be refunded
If you would like a rough estimate on just how much you can expect to be refunded to you, try using an online payment protection calculator that will enable you to plug in figures pertinent to your particular loan and PPI. Belmont Thornton has an estimator on site that will help you figure what is due back. In fact, while you are on the site, take some time to look around a bit. You will find plenty of information that can help you understand the PPI claims process and why it is so difficult to say with certainty exactly what you will be rewarded in refunds.
If you would speak to someone call Belmont Thornton on 0207 471 2000. Any questions you have will be addressed and they can help you better understand payment protection charges.If you choose to work with the claims team to file for your refund you won't be charged unless you win.
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