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
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.
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.
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
Is there anything else I should know?
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 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.
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