Why Get A Refund?
When your bank or credit card provider sold PPI they did not disclose the commission they received. That may have meant that whilst you may have thought the premiums were for cover, a large percentage of it was actually commission paid to your bank or credit card provider for the sale of the PPI policy. Their failure to disclose commission may have created an unfair relationship. Following a Court ruling, known as Plevin, the full PPI premiums can be claimed back plus interest.
A Plevin PPI Claim differs from a financial mis-selling Claim as the basis of the Claim is the potential unfair relationship created by the Lender’s failure to disclose commission. At this moment in time, the only way to make a Plevin PPI Claim(s) is through a litigated claims process, which may involve a firm of Solicitors making a Court Claim(s) against your Lender(s) on your behalf.