Newspaper article Evening Chronicle (Newcastle, England)

Millions Due Cash after Ppi Game Changer

Newspaper article Evening Chronicle (Newcastle, England)

Millions Due Cash after Ppi Game Changer

Article excerpt


ave you been 'Plevined'? HAlmost certainly you've no idea. Regulator, the Financial Conduct Authority (FCA), recently launched a two-year Payment Protection Insurance (PPI) reclaiming deadline, even getting Arnie to star in its ads. I've been at the forefront of PPI reclaiming for a decade, so I'm 'back' saying everyone should ask themselves about the new Plevin PPI rule.

First, the basics - what is PPI and what does deadline mean? PPI was systemically mis-sold by banks and building societies who for decades used hard sells or even lies to add it to loans, credit cards, mortgages and other forms of debt - already well over PS27bn has been paid back. Common types of mis-selling include: | Lied to you that you had to have PPI (it was never compulsory); | Had PPI added without your permission; | Lied to that PPI would get you a better deal, or | Given PPI when it was inappropriate, such as 'unemployment cover' for the self-employed, or not being asked about pre-existing conditions that could invalidate it.

If you think you may be owed money - or haven't a clue - check now. You don't need to pay a firm to find your PPI or get it back for you; you can do it for FREE.

For full help see the free PPI reclaiming tool and help (including Plevin) at, plus there's more free help at and So, have you been 'Plevined'? What's that about? AT THE same time as launching the PPI deadline, a totally new category of PPI mis-selling has been introduced and it's a total game changer.

In the past, to reclaim PPI you had to have been mis-sold it. This new rules mean, pretty much, if you had PPI from a bank on a product active since 2008, you're owed some money.

It's based on a 2014 court case brought by Susan Plevin. The court ruled that as she wasn't told about the huge commission taken from her PPI payment - 71% - she was mis-sold it.

The regulator's Plevin rule says if over 50% of your PPI's cost went as commission to the lender, and that wasn't explained, you're due back the extra above that. …

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