What is Plevin?

You may have heard or read about “Plevin”. But, what exactly is this term and how does it relate to PPI? The Plevin rule means thousands more people can claim PPI and it even allows those who have previously made an unsuccessful PPI claim to claim again.

Plevin refers to Mrs Plevin, who brought a PPI claim to Paragon Personal Finance. A staggering 71% of Mrs Plevin’s PPI sale was a commission. In 2014, a landmark ruling by the Supreme Court deemed that this was also a form of mis-selling and, as such, Mrs Plevin won her PPI case.

This set the precedent for thousands more people to make a case under the Plevin rule based on the commission on their PPI sale. The rule states that if over 50% of your PPI was a commission, you can make a claim. At the height of the mis-selling scandal, the commission was often 67%.

If your claim has previously been rejected, you can make a new case to reclaim the commission from the bank. However, it’s important to note that if you’ve made a claim that was successful, you can’t claim again under Plevin.

How Do I Claim Under Plevin?

Making a PPI claim under Plevin is exactly the same as making any other claim. However, when you have to explain to the bank how your PPI was mis-sold, you must state that you believe that there was a high level of commission.

Your first step is to find evidence of PPI. Searching for old financial paperwork is the only way to do this. If you don’t have any previous financial paperwork, you can contact the bank or lender and ask them about any previous accounts with PPI. Alternatively, a reputable claims company can do the digging for you. The latter option is a good choice for those who don’t have the time or don’t want the hassle of dealing with the bank.