House of Fraser - Store Card Plevin PPI Check & Claim
You can still make a PPI claim under the 'Plevin' legal ruling. If House of Fraser charged unfair commission on your PPI policy, incorrectly rejected your PPI claim, or miscalculated your redress payment, you may be due a refund.
Recover your PPI from House of Fraser due to undisclosed commission
How we can help with your House of Fraser Store Card 'Plevin' PPI claim
MoneyPlus Legal is a Plevin PPI Claims specialist, our core focus is on helping consumers who were sold PPI to use all available and possible options to obtain a legal remedy for compensation of undisclosed & high commission from the finance provider.
Don't worry if you’re unsure whether you are eligible to make a claim under the Plevin ruling, MoneyPlus Legal will always conduct a full review of all your PPI credit agreement(s) to establish whether there is a case for unfair relationship.
MoneyPlus legal will use their extensive 'Plevin' based PPI claims experience to investigate, negotiate and settle any claim as quickly as possible. Throughout the claim process, you will be kept informed. The Plevin PPI Check and claim service is simple and completed on a no win no fee basis*.
Plevin PPI Claim Process
Start your Plevin
MoneyPlus Legal will call you to discuss your potential claim, confirm some details & explain the next steps to progress your claim.
Sign & Return our
MoneyPlus Legal will send out a claim pack with letter of authority to sign & return back so they can start your Plevin PPI check.
Your Plevin Claim Eligibility Checked
MoneyPlus Legal will contact the lender(s) to ascertain how much commission was charged on your PPI policy & eligibility for a refund.
Plevin PPI Explained
Following the PPI deadline in August 2019 for making a Payment Protection Insurance (PPI) Claim directly with a business, many people have been talking about ‘Plevin PPI' or PPI 2 and how it may affect them.
Below we explain what a Plevin PPI claim is, how it differs from a Mis-sold PPI Claim and what the eligibility criteria is to make a claim under the Plevin ruling.
What is Plevin?
Plevin refers to a Supreme Court case from 2014. Mrs Plevin was sold a PPI policy to cover her secured Loan from Paragon Personal Finance Ltd. Mrs Plevin became aware that 71.8% of the premiums she had paid under her PPI policy were actually a commission payment to her Lender and she alleged that this was unfair. The Supreme Court agreed with Mrs Plevin, and ruled that the relationship was unfair due to the following:
- Not disclosing the commission payment; and
- The percentage of premium that was paid as commission.
You can read the full Plevin v Paragon judgement here.
What does this mean for others who may have had the same issue?
Post-ruling of the Plevin case, the Financial Conduct Authority (FCA) ruled that any amount of commission from PPI policies of over 50% was mis-selling, and that claimants can receive a refund for any amount of compensation over the 50% threshold.
It has been reported that, at the time the insurance schemes were mis-sold, Lenders were paid a high level of commission, according to the Regulator the average commission was 67 per cent.
A Plevin PPI claim invariably requires the commencement of court proceedings against your Lender.
What's the difference between Mis-sold PPI & Plevin Commission claim?
The basis on which each of the claims is made are quite different. A Mis-sold PPI claim looks into whether the PPI policy was suitable and circumstances under which it was sold, whereas a Plevin claim examines whether the Lender failed to disclose the high-level of commission they earned from the PPI premiums, rendering the relationship unfair.
Can I make a Plevin Claim after the PPI Deadline?
Plevin PPI Claims are not subject to the 2019 PPI deadline, so the answer is yes! Although the PPI deadline has now passed Plevin PPI claims are based on a completely different area of law, namely the Consumer Credit Act 1974.
Am I eligible to make a Plevin PPI Claim?
You may be eligible to make a Plevin PPI Claim if:
- You have not previously complained about Mis-sold PPI with House of Fraser;
- Your PPI policy must have been sold before 6 April 2007 and open after 6 April 2008 by House of Fraser or sold after 6 April 2007 (whether or not it was still open after 6 April 2007);
- You had your PPI Claim rejected by House of Fraser; or
- House of Fraser only refunded for the ‘Plevin only’ part of your PPI also known as a ‘tipping point offer’.
Plevin Claim FAQs
House of Fraser store card PPI
House of Fraser payment protection insurance (PPI) may also be known as credit insurance, credit protection or loan repayment insurance among other terms on your documentation.
PPI is an insurance that helps someone who has taken out any form of finance to meet their repayments if they become sick, injured or redundant.
There is often confusion between PPI and income protection insurance. The two products are very different. PPI is a short-term policy, usually 12 months, sold with a loan and other credit products. This gives the borrower time to look for a new job or to return to work, if appropriate. Successful PPI payouts are made directly to the loan provider, not the policyholder.
On the other hand income protection insurance covers 70% of the policyholder's income if they are unable to work due to an accident or sickness. This protection is long-term and can cover the policyholder until retirement if they are unable to work again.
House of Fraser sold thousands of PPI policies with their store cards to consumers.