HOW SUCCESSFUL ARE PLEVIN PPI CLAIMS?


In recent years, the rules for Payment Protection Insurance (PPI) claims have changed due to the Plevin ruling. This ruling has introduced a new dimension to PPI claims, focusing on the issue of undisclosed high commissions. As individuals across the UK consider pursuing Plevin claims, a common question arises: Is the process complex, and more importantly, is it worth the effort? This article looks at the success rates of Plevin PPI claims, the effort involved in making these claims, and any relevant data surrounding their success in the UK.

Understanding Plevin PPI Claims

A Plevin PPI claim arises from a Supreme Court ruling in the case of Plevin v Paragon Personal Finance Ltd. This ruling highlighted the issue of excessive commission charges in PPI policies that were not disclosed to the consumer. According to the ruling, if over 50% of your PPI policy’s cost was commissioned and this was not disclosed to you, you are entitled to claim back the excess above this 50% threshold. This opened a new route for claims post the 2019 PPI claim deadline.

The Complexity of the Process

The process of making a Plevin PPI claim is relatively straightforward, especially compared to the traditional PPI claims that preceded it. It primarily involves identifying whether your PPI policy had a high level of commission and if this fact was undisclosed. The complexity can vary depending on the availability of your policy details and the responsiveness of the lender.

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https://www.yourclaimmatters.co.uk/how-successful-are-plevin-claims/