Payment Protection Fees
Fighting to get your payment protection fees back after having been mis sold a PPI policy
can at times be challenging. In order to get your fees back you need to
demonstrated that your policy was mis-sold and, if your initial complaint fails,
you will need to dispute your lenders decision and possibly even refer it to the
Financial Ombudsmans Service for review. Many people who have busy lives do not
have time to handle their PPI
claim and so enlist a claims company to claim back their payment protection
Applying for PPI Refunds
From the outset, a PPI claims company will be there every step along the way. After consulting with them regarding your concerns that you have paid payment protection fees that you should never have been asked to pay, a
member of the claims team will advise you whether or not they feel you have a case. If, indeed, it is believed that you have a valid claim for a refund of those payment protection fees, then Belmont Thornton will virtually do everything for you from applying to the lender for your refund right through to appealing the lender's decision if it should be necessary to do so.
PPI Claims and the Appeals Process
One thing that you should keep in mind is that often banks deny the first PPI claim
they receive from applicants. If the decision is disputed and the lender still
maintains they do not believe the policy was mis-sold it may then be necessary
to refer the claim to the Financial Ombudsman Service for review.
How Large Can I Expect a PPI Refund to Be?
Although many people win their PPI claims, there is no way to say with any certainty just how much of the payment protection fees will be refunded to you. A good percent of the time the whole amount is returned to the borrower on a mis sol PPI policy, but this is not written in stone. Keep in mind that first it must be proven that you paid payment protection fees on a mis sold PPI policy. If the policy is valid then there will be no refund, but if it was mis sold then you very well could get the entire amount you spent back.
In addition, most lenders will also awared 8% interest too.
If you believe you have been mi-sold a policy and would like assistance making a
complaint call 0207 471 2000 to get your claim started today.
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