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Payment Protection How to Claim It Back

After having been mis sold PPI you might be asking about payment protection how to get it back. That is a logical question that literally millions of UK consumers are asking day after day but unfortunately the answer isn't always cut and dry. It is possible to file directly with the lender that mis sold the policy in the first place, but bear in mind that thousands of PPI claims are crossing the desk of your lender. As a result, they are more apt to deny your claim than accept it simply because they are looking at paying out a good deal of money when all those claims are added up.

Payment Protection How to Claim It Back Process

There is an actual process through which PPI claims are submitted but it may a bit frustrating and time consuming if you aren't prepared for it. There are several things you need to gather before you consider filing a claim, one of which is the loan documents that will help you substantiate your claim. Whilst the claim needs to go to the lender, there is every possibility that it will sit there for some time before an account exec or the claims department takes a few moments to give it a cursory view. At this point lenders will deny your claim simply because that is what they do 85% of the time.

Biting Off More than You Can Chew

Payment protection how to claim it back? As you can see it isn't always as easy as it sounds. After being denied, the next step is to appeal with the FOS. The Financial Ombudsman Service will make a review of your claim and then decide whether rule for or against you. However, even as simple as this sounds, there are certain forms that need to be filed and documents to be attached which can take a good bit of time sorting through. Unless you have had the misfortune of filing a previous claim, the PPI reclaim process can be a bit frustrating when an appeal is added into the mix! If you are even remotely considering the possibility of filing a PPI claim on your own without the assistance of a claims specialist you should be prepared to do a lot of legwork to get things done.

Some people choose to retain a PPI solicitor but unless there is a good deal of money tied up in PPI cover this might prove to be more expensive than it is worth. Another option is to contract with a claims company like Belmont Thornton that has an expert claims team on hand to handle even the most difficult claims that necessitate extra work proving the cover was mis sold. You can talk about payment protection how to claim it back all day but in the end it is a matter of knowing how to prove the cover was mis sold and how to file both a claim and an appeal. With a claims team on your side you can leave the worry with them.


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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 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ 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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