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Reclaim Unfair Credit Card Charges

Recovering from severe credit card debt can be an extremely difficult process, especially when debts are being caused by seemingly trivial hidden fees and practically unauthorized charges. Payment protection insurance (PPI) is a type of policy that is supposed to provide coverage for the cardholder in the event that they are unable to make repayments due to unemployment or injury. While PPI may seem appealing in that it provides security, the reality is that less than 15% of policyholders have their claims honoured when they are in need of repayment assistance. This is because they were mis sold PPI policies due to the fact that the lender did not notify them of their ineligibility, or did not adequately inform them of the policy's terms, conditions, price, or even its existence.

What Is Mis Sold Payment Protection?

Mis sold payment protection is defined as any policy that was sold to an ineligible or inadequately informed party, either against their will or through deceptive tactics. For example, if a lender sells a PPI policy as part of the loan and includes it within the loan contract as an arbitrary fee (causing the borrower to pay a one-time premium) this would be considered PPI mis-selling. This is where the process of qualifying individuals for PPI coverage and properly selling policies becomes convoluted, because PPI policies are often referred to by different terms, including but not limited to loan protection, policy insurance, repayment coverage etc.

Can I Reclaim Unfair Credit Card Charges Caused by a Mis-Sold PPI Policy?

Regardless of whether the PPI policy was included with your credit card account, or has caused a charge to be debited against your credit card account due to a PPI policy associated with a loan or mortgage, if it can be proven that the policy was mis-sold, it is possible to reclaim unfair credit card charges that are caused by PPI in almost all cases. To reclaim unfair credit card charges you'll simply need to participate in a free consultation with a PPI claims specialist from a PPI claim company, which can help facilitate the process of filing your claim and seeking retribution from the unscrupulous lender that mis sold you the policy.

What Party Will I Reclaim Unfair Credit Card Charges from?

When you deal with a PPI claim company, you're dealing with professional attorneys that have experience and expertise in helping victimized borrowers reclaim unfair credit card charges card caused by PPI policies. The PPI specialist will contact the lender that allegedly mis-sold policy directly to inform them that they'll need to renegotiate the terms and conditions of the loan to omit the PPI policy premium, as well as returning all of the funds allocated towards the PPI policy within the overall loan amount. Lenders are motivated to Mis sell PPI policies for two main reasons - to earn commissions from payment protection insurance companies, and to increase the overall loan amount, thereby earning more interest.

A PPI claim company will help you reclaim all of that additional interest, as well as the monthly payments or one-time premium that comprises the entire cost of the PPI policy. Ultimately, if your case is successful you will reclaim unfair credit card charges directly from the lender that mis sold the policy, not the payment protection insurance company. Furthermore, if your case is not successful you will not have to give any funds to Belmont Thornton.

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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.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

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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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