If you’ve not yet made a PPI claim, or your Plevin claim was unsuccessful, we can help. To find out if you’re eligible to make a compensation claim, speak to our legal team today.
Plevin Claims & Mis-selling
Plevin claims are submitted for the commission charged on PPI premiums that many people took out during the 1990s and early 2000s. Named after Susan Plevin, who successfully claimed that the high level of commission she was charged after taking out PPI was unfair.
The argument was, if Susan had known about the commission, she would never have purchased the insurance product and would have searched for an alternative. At Next Gen Solicitors, we help clients follow in Susan Plevin’s footsteps and submit PPI compensation claims. If you’d like more information, please feel free to contact our team.
Plevin Claims Criteria
In terms of criteria to make a Plevin claim, firstly, the claim needs to be within specific dates to be brought validly under the Consumer Credit Act. As long as your claim is brought relatively soon, you will also be OK with regards to its limitation.
A Plevin Claim differs from a standard payment protection insurance claim that has been brought as there’s no allegation that the premium was necessarily mis-sold. These types of claims are relevant for people who didn’t believe that they were mis-sold, and for people who have brought a claim but were previously rejected by lenders on the basis that they weren’t mis-sold because of the answers they gave during their interview or questionnaires that were provided.
The Plevin rule set out by the FCS means that if over half of the cost of your payment protection insurance was used as commission to the lender, and you were unaware of that, you are owed the additional amount, as long as your PPI was active after 2008.
Plevin Claims Process
Plevin PPI claims can be quite complicated and do require some assistance from solicitors to check that the calculations are correct and that you present your claim in the best possible way to ensure that you are compensated for the full amount that you are due.
The process in assessing a Plevin Claim involves us initially applying to the banks for all of the information they hold. Once we have all of that information, we can make a full assessment of your case and advise whether you have prospects of success and, secondly if your case is likely to be successful, the amount of the expected claim value. After that, we start the process of bringing the court proceedings.
The amount a client might be entitled to is determined by the premium paid, by the amount of commission paid, and by the credit that was used to pay for the premium. It is also determined by the interest that you will have spent on credit used to pay for the premium.