Did you miss out on a PPI claim on your finance?

Back before covid happened you may well have been in the process of trying to make a PPI claim as the country was awash with getting your complaint in before the deadline.

You may have receive a full refund and felt content you had get back what was rightfully yours but you also may have been unlucky in your claim and although you had proof that you had PPI your claim was rejected, you may have been unfortunate and your claim was too late and missed the deadline or you may have just not realised that PPI was even a thing that effected you and have since found it was.

Well, although the deadline has been and gone there is still an option open to you if you were impacted and didn’t get a refund. You can now make use of the Plevin process or what is becoming known as PPI 2. This is a legal argument based around the sometimes extortionate amount of commission that was hidden or kept secret from you, the person taking the loan out, by the bank. They were found in a lot of cases to be charging 70%-90% of the value of the PPI policy just for the commission and as you are probably already thinking, would I have taken the PPI policy directly from the lender if I had known that such a high percentage was just being given to the lender as a comission.