What is Plevin PPI?

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If you’ve ever had PPI you could be owed a considerable amount of money.

And that’s not only if PPI was added without your knowledge, or you were pressured into it.

You could have still been mis-sold PPI even if you had opted to add it.

You may be thinking, “But the deadline for making claims has passed”.

Not for Plevin PPI claims it hasn’t. Here we run through what Plevin PPI is, whether you’re eligible to make a claim, and how to go about making that claim.

What is Plevin PPI?

Plevin originates from a court case that took place in 2014 called Plevin v Paragon Personal Finance Ltd. A personal loan along with PPI was taken out by Susan Plevin from Paragon Personal Finance. But what Mrs Pelvin wasn’t made aware of was that 71.8% of the PPI premium went as commission to the lender.

This was presented to the court by Mrs Plevin and her legal team as unfair.

The Supreme Court agreed and ruled that Mrs Pelvin had been treated unfairly due to the non-disclosure of the commission and the percentage being taken as commission.

And with the average commission being 67% at the time when PPI was mis-sold, it’s highly likely you’re entitled to money back if you had this insurance.

Are you eligible to make a Plevin PPI claim?

If you’ve already been successful with your PPI complaint and received full repayment, you can’t claim again for Plevin.

But, if you’ve already made a claim which was rejected as not mis-sold, or you made a successful claim but only received a partial refund, you may be able to submit a claim for Plevin.

If you missed the PPI deadline, it’s still possible for you to make a claim under the Plevin ruling.

Generally, you may be eligible to claim for Plevin if:

  • The credit (such as a loan or credit card) for which you had PPI was taken out on or after 6th April 2007
  • The credit for which you had PPI was taken out before 6th April 2007 and was still running on or after 6th April 2008.

What next?

Here at Your Claim Matters, we offer a FREE Plevin PPI checking service where you’re able to find out if you were one of the millions of people affected by undisclosed commissions. You could be owed up to £40,000* in compensation. Where we identify that you may be able to make a Plevin PPI claim we will recommend you to one of our panel of law firms who will contact your lender to make a claim on your behalf. If your lender defends their position the law firm will look to issue Court proceedings against the lender on your behalf.

Start your FREE Plevin PPI check here.

Or if you’d prefer to speak directly with one of our expert team members, give us a call today on 01902 954758.

*The facts and figures provided come from reputable news websites and other sources:

https://www.express.co.uk/finance/personalfinance/1425411/PPInew-claim-payout-payment-protection- insurance-UK-2021

https://www.mirror.co.uk/money/millions-customers-can-now-make-23940044

https://www.thesun.co.uk/money/14681126/millions-of-customersnew-ppi-claims-bank-ruling/

https://www.dailyrecord.co.uk/lifestyle/money/new-ppi-claims-23942393?utm_source=twitter.com&utm_medium=social&utm_campaign=sharebar

https://www.fca.org.uk/ppi/ppi-explained

https://news.resolver.co.uk/are-we-facing-anew-wave-of-ppiclaims/

https://www.express.co.uk/life-style/life/914857/Martin-Lewis-moneysaving-expert-ppi-claim-plevin-rule-change

You don’t need to use Your Claim Matters to check if you had Plevin PPI, you can contact the lender direct or you could use another claims management company. There is no charge to cancel the Plevin PPI checking service. Where we identify you may be able to make a Plevin PPI claim we will recommend you to one of our panel of law firms who will contact your lender. If your lender defends their position the law firm will look to issue Court proceedings against the lender on your behalf. You don’t have to use the law firm we recommend, you can use a law firm of your choice or you can approach the Financial Ombudsman Service for free advice or you can contact your lender. The law firm will charge a fee if your claim is successful. Typically customers pay up to 40% plus VAT (up to 48% in total) of the amount recovered although this may vary according to individual circumstances. The law firm should explain their fees in the documentation they share with you. We will receive an introducer fee from the law firm if you go ahead, this fee is not payable by you. Please click here to view the Terms and Conditions and Key Facts for further details.