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.
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