Payment Protection Insurance Recovery
Just like when you have major surgery when trying to recover from a financial loss you will also need a period of recovery. Although most people wouldn't consider being mis-sold payment protection insurance as a financial loss in the literal sense it is still a loss in that money was spent that would never be of any benefit. Payment protection insurance recovery may be a slow and drawn out process if the bank or other lender denies your application for payment protection refunds. Most often you can appeal the bank's decision by simply contacting the Financial Ombudsman Service but that too can be a painfully slow process. As a result payment protection insurance recovery can be as difficult as recovering from major surgery.
How to Recover Mis-Sold PPI
When you have been mis-sold PPI the first thing you think of is how to recover
any money you have spent after you discover that the lender sold you an
insurance product that you probably never wanted and certainly couldn't use. The
process, although it can be painfully slow, is easy to understand. It is simply
a matter of filing a claim with the lender as part of the payment protection
insurance recovery process. You will need to detail how you were mis-sold PPI
cover and you will need to ask for your money back. It really should be just as
simple as that since misselling PPI cover is both unethical and illegal.
However, that's life in a perfect world and this world we live in is anything
but perfect as is evidenced by the PPI scam that has infiltrated the UK within
the past decade. In reality you can probably expect the lender to deny your
claim which means you will be forced to file an appeal, again a lengthy process
at times. But don't lose heart because the good news is that the FOS approves a
significant percentage of payment protection insurance claims it reviews.
Finding Help with Payment Protection Insurance Recovery
The easiest way to get help with payment protection insurance recovery is to contact a knowledgeable PPI claims company that has extensive experience in filing claims against lenders. Belmont Thornton has helped literally thousands of UK consumers file claims against lenders that mis-sold PPI cover to them. They will tell you upfront that there is no guarantee to win your case although they have already won thousands. What they will guarantee is that they provide a no win no fee* service wherein you only pay when they win the claim for you. Even your initial consult will be free of charge and you can speak with a
claims handler who can help you determine whether or not you were mis-sold PPI, what the grounds are for your claim and whether or not it would be in your best interest to utilize the services of Belmont Thornton.
For further information on payment protection insurance recovery claims contact a claims
handler today on 0207 471 2000.
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