This game-changing claim could mean you’re still owed money

Whilst looking online the other day, I was pleased to see the latest news about Payment Protection Insurance.

Between 2006 and 2019, you were probably in the same boat as me.

Feeling a lot of frustration around the fact that lenders had mis-sold PPI packages to us over the years, and many managed to beat the banks and claim compensation.

The chance to claim on mis-sold PPI vanished back in 2019. However, a new beast of claim has emerged.

Enter the Plevin PPI ruling.

This is a game-changing new category of PPI mis-selling.

You probably know, in the past, you had to be mis-sold PPI to reclaim PPI. Now, the doors have opened to this new form, and now, you simply just need to have had PPI since 2008.

The ruling is based on a 2014 court case brought to the surface by a woman named Susan Plevin.

A court ruled that the relationship between herself and the lender was unfair as she wasn’t told about the 71% commission taken from her PPI payment – therefore – she was mis-sold it.

So, the Plevin rule says that if over 50% of your PPI’s cost went to the lender as commission to the lender, and that wasn’t explained to you, you could be due the extra percentage above the 50%.

Even if you were sold PPI correctly, thousands could be due some kind of money back.

• The average commissions that banks and lenders were paid was a staggering 67%.

How do you qualify?

• Your PPI policy must have been sold to you between 6 April 2007 and open after 6 April 2008
• It doesn’t matter if you have previously been rejected

• It must have been sold to you between 6 April 2007 and open after 6 April 2008
• It doesn’t matter if you have previously been rejected