Belmont Thornton Logo
Claim Back Loan Insurance

Refund of Personal Loan Protection

Do you believe that you been mis-sold payment protection, and are now seeking reimbursement from the lender, broker, financial institution, or credit card company that dishonestly sold you an insurance policy that you were either inadequately informed of or ineligible for? Sadly, about 30,000 to 70,000 UK residents file payment protection claims each year, and many of them are successful in reclaiming all of the payments that have been allocated towards their loan insurance. Shockingly, the cost of a PPI policy on a £10,000 unsecured personal loan can be as high as £5,600, according to the Financial Ombudsman Service.

Receiving a Refund of Personal Loan Protection Based on Eligibility

Most consumers who filed payment protection claims during the past couple of years did so because it was found that they were ineligible for the policy when their personal loan was finalised. A lender is obligated to reimburse to their client if they charge them for an insurance policy that provided unsuitable coverage for their budget needs and personal attributes. In fact, the Citizens Advice Bureau (CAB) conducted an extensive study in 2001 that revealed that less than 15% of policyholders were deemed eligible for benefits when filing a claim against their policy. If you believe that you weren't adequately notified of the insurance policy's eligibility requirements and cost, or were not supposed to be sold the policy when you signed for the loan, then you may want to pursue a refund of personal loan protection payments based on eligibility.

Receiving a Refund of Personal Loan Protection Payments Due to Dishonest Information

Lenders, financial institutions, brokers, and credit card companies are never supposed to convince their clients that a PPI policy is mandatory for, or relevant to, loan approval anyway. Payment protection against insurance is supposed to be completely optional, despite the fact that many lenders fail to mention the policy at all, and some exaggerate policy benefits to persuade borrowers into paying for a policy that is useless to them. Other lenders completely neglect to mention the terms and conditions of the policy, describing loan protection insurance simply by calling the loan "secured" or "protected".

How Much Will It Cost and How Long Does It Take to Receive a Refund of Personal Loan Protection?

Only after receiving a full PPI refund will you be charged a nominal fee for using our services, and you're not obligated to pay anything at all if we are not successful in obtaining a full refund from your lender. In basic terms, you can initiate the claims process today by filling out a quick claim form and following the instructions contained within the claims pack that we will send you in the post for free. In addition, you can discuss your case with a PPI claims specialist by calling the number at the top of this page and participating in a complementary consultation.

Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

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.

Please note that calls may be monitored for the purposes of staff training.

* 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.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide