Plevin (excessive PPI commission) - Plevin (excessive PPI commission) complaint
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The bank or credit provider only owes you money if they failed to declare the amount of commission that was being charged - something that very rarely happened.
If you have previously had a successful claim for mis-sold PPI and had money returned to you then you are not eligible for another claim under Plevin.You should know
Payment Protection Insurance (PPI) was an insurance product sold alongside loans, mortgages or other credit facilities, designed to cover your payments if you become ill, lose your job, or lose your income for other reasons.
The Supreme Court ruling in Plevin v Paragon Finance Ltd widened the scope for consumers to complain about PPI. The word ‘Plevin’ is now commonly used to describe PPI policies where high levels of commission were charged, and the bank failed to declare the amount of commission they were earning on the sale of each PPI product.
The PPI deadline has now passed!
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