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Payment Protection Plan Recover

If you have taken out any form of loan or credit within the last 10 years then it is very likely you were sold some form of Payment Protection Insurance. Payment protection Insurance is a type of cover attached to credit and store cards, personal loans, mortgages and hire purchase agreements and it is designed to step in and cover repayments if the insured cannot work due to accident, illness or redundancy. The trouble is the cover has often been mis-sold. Now, thanks to a new high court ruling, you could claim a payment protection plan recovery.

In 2006 The Financial Services Authority investigated the sale of Payment protection and found issues across the marketplace. It was discovered that staff were often not being fully trained and lenders were failing to put in place processes to protect customers from being Mis sold PPI As a result of this report several lenders were fined. The media interest generated by the report and the subsequent fines drew many people's attention to the issue and they began to realise they may be able to make a payment protection plan recovery.

In 2010 Payment protection insurance hit the headlines again when The Financial Services Authority announced a set of new guidelines to regulate sales. The guidelines aimed to protect customers from future mis-selling. Many lenders were unhappy with the new guidelines; however, because they would force them to examine old policies against the new standards. As a consequence, The British Banking Association requested a high court review. In April 2011 the Court returned its verdict finding in favour of The Financial Services Authority. The verdict is expected to see a surge in people attempting to make a payment protection plan recovery. If you are unsure whether you were mis sold payment protection take a look at our guide below.

Were you told the wrong thing?

Did your lender tell you, you had to have the cover?

Did you lender tell you taking the cover would improve your chance of being given a loan?

Did your lender sell you a single-premium PPI policy; that would not cover your whole loan, but told you it would?

Were you sold a policy even though your circumstances made you unsuitable?

Did you have a pre-existing medical condition?

Did you have existing cover elsewhere?

Were you unemployed, self-employed, in full-time education, retired or only working part time?

Were you over the age of 65?

Were you a serving member of the armed forces, a civil servant or entitled to full sick pay from your employer?

These are just a few of the ways in which you may have been mis-sold payment protection insurance. If you are still unsure whether you could make a payment protection plan recovery call our claims team on 0207 471 2000. You can even make a claim if your card, loan or agreement is already paid off. To start your claim today, complete the claim form above.

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Belmont Thornton Limited is regulated by the Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

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