IT’S NOT THE END OF PPI CLAIMS
Most UK car sales are funded using some type of finance because of the large sums of money involved. Car finance providers sold Payment Protection Insurance (PPI) to millions of consumers with car finance. In many cases the consumer wasn't aware they were buying PPI or it was added to the loan without their consent and knowledge. The purpose of the PPI was to cover your repayments if you could not work due to illness, an accident or unemployment. If you changed cars in the last couple of decades using either dealership finance or other type of car loan, you may have been sold PPI.
What is Plevin PPI?
In a 2014 landmark case Plevin vs Paragon Personal Finance Ltd, Mrs Susan Plevin discovered that 71.8% of her PPI payments were actually commission taken by Paragon for the sale of the policy. The Supreme Court ruled that this was a breach of the Consumer Credit Act as Mrs Plevin was unaware of the high rate of commission, and had she of known, she may not have taken out the PPI policy. Ruling in her favour, the court ordered Paragon Finance to refund Plevin the commission she paid with compensatory interest.
Potter v Canada Square - New ruling April 2021
The case of Canada Square Operations Limited v Beverley Potter  brought a degree of clarity to the issue of limitation points in Plevin Litigation. This judgment was welcomed by law firms, claims management companies and claimants alike as it strengthened the claimant's argument that these claims should not have a limitation period applied to them due to the concealment of PPI commission levels. This meant that claims are no longer confined to a six-year limitation period from when your credit card/loan/mortgage or other finance ended.
If Your Car Finance provider Charged Unfair Commission On Your PPI Policy, Incorrectly Rejected Your PPI Claim, Or Miscalculated Your Redress Payment, You May Be Due Compensation.