Plevin Claims Solicitors
Reclaim Hidden Commission Fees on PPI Policies
If you paid for Payment Protection Insurance (PPI), you could still be owed compensation—even if you missed the PPI deadline or your claim was previously rejected. The Plevin ruling has empowered individuals to seek redress for undisclosed commission charges, giving you the chance to recover what’s rightfully yours.
At Cooper Hall Solicitors, we specialise in helping clients navigate the legal complexities of Plevin claims. Our goal is simple: to ensure you understand your rights, take action with confidence, and reclaim the compensation you deserve.
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What Are Plevin Claims?
A Plevin claim refers to the opportunity to recover compensation for excessive commission charges on PPI policies. This claim stems from the 2014 Supreme Court case Plevin v. Paragon Personal Finance. In this case, Susan Plevin successfully argued that her lender’s failure to disclose a 71.8% commission on her PPI policy created an unfair relationship under Section 140A of the Consumer Credit Act 1974.
The ruling set a precedent for individuals to challenge similar cases of non-disclosure, even if their PPI policies were not mis-sold. Unlike traditional PPI claims, which focused on whether the policy itself was necessary or suitable, Plevin claims focus solely on commission charges that were not disclosed at the time of sale.
Who Can Make a Plevin Claim?
You may be eligible to make a Plevin claim if any of the following apply:
- You were sold a PPI policy alongside a loan, mortgage, or credit card.
- The commission on your PPI premium exceeded 50%, and this was not disclosed.
- Your PPI policy was sold:
- Before April 6, 2007, and was still active after April 6, 2008.
- Or after April 6, 2007.
- You missed the PPI deadline in August 2019.
- Your PPI claim was previously rejected or you only received a refund for the “Plevin-only” portion of your premium.
Importantly, you can make a Plevin claim even if you knowingly purchased PPI or if your lender refunded only the excess commission over the FCA’s 50% threshold (the “tipping point”).
How Much Compensation Can You Claim?
Compensation for a Plevin claim typically includes:
- Commission Paid Above the 50% Threshold: The amount of commission charged beyond the tipping point is refunded.
- Interest on the Undisclosed Commission: This compensates for the time your money was unfairly withheld.
- Statutory Interest: Additional interest is often applied to account for the financial impact over time.
The average payout for Plevin claims is approximately £2,000, though individual amounts vary depending on the size of the commission, the interest applied, and the policy duration.
Why Are Plevin Claims Important?
The significance of Plevin claims lies in the principle of fairness. By not disclosing high commission rates, lenders violated their obligation to provide transparent and fair agreements. This creates an unfair relationship between the lender and the borrower, as recognised under Section 140A of the Consumer Credit Act 1974.
In practice, this ruling not only addresses injustices in PPI sales but also sets a precedent for holding lenders accountable for hidden fees and charges in other financial agreements.
How Are Plevin Claims Different from Mis-Sold PPI Claims?
While both Plevin and PPI mis-selling claims involve PPI policies, they differ significantly:
PPI Mis-Selling Claims: Focus on whether the PPI policy was suitable for your needs and whether you were misled or pressured into purchasing it.
Plevin Claims: Focus exclusively on whether the commission charges on your PPI premium were undisclosed and excessive.
This distinction is critical because it means you can pursue a Plevin claim even if:
Your PPI policy was appropriate for your needs.
You previously made a PPI mis-selling claim that was rejected.
Our Plevin Claims Process
At Cooper Hall Solicitors, we handle every step of the Plevin claims process to make it as straightforward and stress-free as possible.
Here’s how we work:
Step 1: Free Initial Assessment
We start by reviewing your case to determine whether you are eligible for a Plevin claim. This includes analysing loan agreements, PPI policies, and any prior claims.
Step 2: Evidence Collection
We gather all the necessary documentation, including account statements, policy terms, and correspondence with lenders.
Step 3: Claim Submission
Your claim is filed with the lender, backed by a clear legal argument citing the Plevin ruling and relevant sections of the Consumer Credit Act 1974.
Step 4: Settlement Negotiation
Step 5: Dispute Resolution
Frequently Asked Questions
Yes. The FCA’s August 2019 deadline applies only to PPI mis-selling claims. Plevin claims are based on Section 140A of the Consumer Credit Act 1974, which operates outside the FCA’s jurisdiction.
While there is no fixed deadline, it’s advisable to act promptly. Claims must generally be made within six years of discovering the non-disclosure or within six years of closing the loan or credit account.
You can still make a Plevin claim. A rejected PPI claim does not affect your eligibility for compensation based on undisclosed commission charges.
Yes. Documentation such as loan agreements, policy terms, or account statements is necessary to support your claim.
Why Choose Cooper Hall Solicitors?
Transparent Guidance
We keep you informed throughout the process and provide honest assessments of your claim.
Proven Expertise
Our legal team has extensive experience handling financial claims, including Plevin cases.
End-to-End Support
From initial review to court representation, we manage every aspect of your case.
No Win, No Fee
You pay nothing unless we successfully recover compensation on your behalf.