Claim compensation for mis-sold commissions

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What is the Plevin case?

The Plevin case took place in 2014. Susan Plevin brought the case against her loan provider and her credit broker. Specifically, Paragon Personal Finance and the credit broker LLP.

In 2006, Mrs Plevin had taken out a loan. She was told, in addition, to get Payment Protection Insurance (PPI). She took out a PPI policy that, she was told, had a value of more than £5,000 in total. 

Unfortunately, Mrs Plevin later realised that her PPI had been mis-sold. Only around £1,600 had been paid into her PPI plan. The remaining money had been used as a commission payment for LLP and extra money for Paragon. If she had arranged the policy herself, she could’ve saved a lot of money.

Mrs Plevin hadn’t known that she’d be paying commission, hidden in the cost of her PPI policy. She argued that if she had known, she wouldn’t have purchased PPI. The courts found in Mrs Plevin’s favor, so she was repaid the commission costs plus interest.

How can Money Savings Advice help you with you?

Here at Money Savings Advice, we have partnered with some of the UK’s leading Financial Claims management companies. They have already helped thousands of people claim compensation for mis-sold financial products, and they can do the same for you.

Choosing an independent claims management company means they won’t proceed with a claim unless they are sure it is in your best interests. They are also regulated by the FCA, which gives you an additional layer of protection.

If you would like to speak to one of these claim management companies who can help you make a compensation claim, then click on the below and answer the very simple questions.

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