Plevin/PPI claims
Payment Protection Insurance (“PPI”) may have been sold to you when you took out a loan, mortgage or credit card.
The main purpose of PPI is to cover repayments in the event you are unable to repay your loan e.g. due to an accident, sickness or unemployment.
Undisclosed Commissions were included within PPI and often set at extremely high percentages.
The FCA set a deadline of 29 August 2019 for PPI complaints and advertised heavily to raise awareness of this deadline among consumers.
In fact, what this actually meant is that consumers could no longer complain themselves for free and would have to use the services of a Law firm to get compensation. These cases are known as Plevin.
Susan Plevin first took on Paragon Personal Finance after she discovered that over 70% of her PPI costs were for Paragon's commissions, not the actual PPI. Since Susan's case, new legislation has come into effect which means you are entitled to a refund for the amount of unfair commission that is over 50%.
For example, if it is discovered that 75% of your PPI costs were commission you would be entitled to the amount equalling the 25% above the 50% benchmark. Now, that may seem unfair, which it is! That is why we not only look into refunding your unfair commission but also getting you back 100% of your PPI.
You could be eligible to make a claim if-
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You made a PPI Claim that has been declined
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You made a PPI Claim and only been refunded a percentage of your total PPI
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You are unsure whether you have any PPI at all.
If any of the above apply to you then contact us now and we can see what we can do for you.
The Claims Bureau will look to get you more than just your unfair commission, we will also look to refund 100% of your PPI.
All of our complaints are dealt with experienced UK based claim handlers, giving that "human" and personal service which means we can answer any questions and give you the best service possible.
For a free no obligation check on your finance products, and to see if you are due thousands simply click here and complete our simple enquiry form.