What is a Plevin PPI claim?
Historically, when lenders sold PPI they failed to disclose the commission they received, which was taken out of the PPI premiums paid by consumers. So whilst consumers may have thought the premiums were for their cover, some of it was actually commission paid to the lenders for the sale of the PPI policy. A lender’s failure to disclose commission may have created an unfair relationship with the consumer. Following a court ruling, commonly known as the Plevin ruling, if this applies to you, this money can be claimed back and that is where we can help.
You can find out more about Plevin, and how a Plevin PPI claim differs from a mis-sold PPI claim, in our handy Plevin FAQ
Start my Plevin PPI checkHow does the Plevin PPI claims process work?
1
Complete your details and then tell us about any lenders you believe you held a PPI policy with. To allow our legal partner to contact you about your potential claims and complete a Plevin PPI check with your lender, we will request that you sign a Letter of Authority for each lender online. The Claims Guys receive payments from our legal partner for any potential Plevin PPI claim we refer to them.
2
We will pass your personal information, including the contact details you have provided us and your signed Letters of Authority to our legal partner who will issue you with their Legal Pack, which will provide further information about their services and the Plevin PPI claims process.
3
Our legal partner will conduct a review to check whether you may be eligible to make a Plevin PPI claim and, where necessary, complete a Plevin PPI check by making a Data Subject Access Request (DSAR) to your lenders. We may provide ongoing administrative support to our legal partner to help them progress your potential claims.
4
If your claim has sufficient merit our legal partner will prepare and present your Plevin PPI claim to your lender, which may include making a court claim against your lender. Our legal partner will charge a fee for any successful Plevin PPI claim which will be deducted from any compensation payment received. Additional charges may also apply. All fees and charges will be outlined in their Legal Pack.
Who are The Claims Guys?
We are one of the longest established and most successful claims management companies. We were established in 2009 and we have spent over a decade helping our customers with PPI claims.
We have recently started working with selected partners who offer relevant services that may be of interest to our customers.
We will never transfer any personal information to a third party without your permission. If you do not want to receive marketing updates you can simply click the unsubscribe option on any of our marketing communications, or email us at dataprotection@theclaimsguys.co.uk
Our Customer Feedback
Some PPI claim facts
71.8% of Mrs Plevin’s PPI premium was taken as commissioni
According to the Regulator, the average commission lenders were paid for PPI policies was 67%ii
We have claimed back over £1.6 billion since 2009 for our customers.iii
Sources:
- https://www.supremecourt.uk/cases/docs/uksc-2014-0037-press-summary.pdf
- https://www.fca.org.uk/news/statements/fca-statement-payment-protection-insurance-ppi
- Figure shown before any applicable Income Tax is deducted – calculated up to January 2021.
Is there anything else I should know?
You do not need to use the legal partner we recommend to assess your eligibility for a Plevin PPI claim. You are free to seek advice elsewhere and are able to proceed with your claim directly through an alternate solicitor.
A Plevin PPI claim differs from a financial mis-selling claim as the basis of the claim is the potential unfair relationship created by the lender’s failure to disclose commission. Currently, the only way to make a Plevin PPI claim is through a litigated claims process, which may involve a firm of solicitors, such as one of our legal partners, making a court claim against your lender on your behalf.
This type of claim has become increasingly common over the last 18 months and a claim against your lender will not affect your relationship with them or any products you hold with them. Please note, your lender may cancel your PPI policy as a result of your claim.