In 2006 Mrs Plevin was sold a Payment Protection Policy (also known as PPI) to cover her secured loan from Paragon Personal Finance Ltd. She was not informed that over 71% of her PPI premium payment was commission paid to the lender.
After finding out, Mrs Plevin took her claim to Court. Shed alleged that her relationship with Paragon was unfair due to the non-disclosure of commission and the percentage of the PPI premiums that was commission.
Mrs Plevin argued that if she had known the commission was so high, she might not have bought the policy in the first instance.
The Supreme Court ruled that failure by the Lender to disclose to Mrs Plevin the large commissions payable out of her PPI premiums created an unfair relationship, between her and the Lender.
Mrs Plevin was awarded compensation for this.
You may be eligible to make a claim if you took out credit for the PPI after 6th April 2007 or, if you took out credit for the PPI before this but continue to pay it after 6th April 2008?
To enable us to ascertain whether you have a claim, we will need to obtain all of the information your lender holds about you and the credit/PPI. Once we have this we will be able to let you know whether you have a claim and what it is likely to be worth.
We have a full understanding of the law that these types of claims are based on and are experienced in the court process. Our specialist department will support you through each stage of the claim.
If you are thinking of making a claim then contact us for some advice. We can advise you on whether you have a valid claim and answer any questions you may have. It is difficult to know what your claim is going be worth until we have sight of the information from your lender but we can certainly advise whether it is worth pursuing.
At Cooper Hall Solicitors we deal with secret commission Claims. Our intention is to achieve a successful outcome for our clients, and you can be confident that you claim is in safe hands.