Ace Gifts & Cards Plevin PPI Claim
IT'S NOT THE END OF PPI CLAIMS
PPI has been the biggest financial mis-selling scandal in the world, in which a staggering £38 billion was given back to consumers for mis-sold PPI in compensation by banks & finance providers before the 2019 PPI deadline. However, even after this the PPI scandal is far from over!
The good news is that you can still make new PPI Claims under a new ruling but this time its for undisclosed high commission. This type of PPI claim is separate to the redress scheme that ended in 2019 and is based on the amount of commission you were charged on your PPI policy.
YOU CAN STILL CLAIM BACK PPI COMMISSION AFTER THE DEADLINE
Potter v Canada Square - Latest ruling April 2021
The case of Canada Square Operations Limited v Beverley Potter [2020] 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 claimants’ 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.
Who are Ace Gifts & Cards Catalogue?
Ace Gifts & Cards were one of the many firms involved with the mis-selling of PPI with their catalogue accounts. With the Plevin ruling and subsequent landmark court cases coming to light, millions of consumers who initially thought they were not eligible to claim under the new ruling are now eligible to make a claim. These rulings have led to many Ace Gifts & Cards Catalogue's account holders to check the Plevin PPI status on their catalogue accounts to see if they are could be owed any undisclosed PPI commission compensation.
To find out if you are eligible for undisclosed high commission refund from Ace Gifts & Cards, start a Free Plevin PPI Check with MoneyPlus Legal.
What is Plevin PPI?
Plevin refers to a Supreme Court case from November 2014 where Mrs Susan Plevin brought a case against Paragon Personal Finance Ltd regarding her PPI policy. The claim was centred around the commission charges on a PPI policy that Mrs Susan Plevin was sold to cover a secured loan from Paragon.
Mrs Plevin later discovered that in small print of the terms and conditions of the PPI policy that a whopping 71.8% of her premium was the amount of commission she was charged by the lender. She alleged that this was unfair and unclear and took Paragon to court and the case went up to the Supreme Court.
The Supreme Court agreed with Mrs Plevin and her lawyers, and determined that the sale of the PPI policy was unfair because of the following reasons:
- The commission payment was not disclosed;
- The high percentage of the PPI premium that was paid as commission.
This decision set precedent for a new category of PPI claims, and opened the floodgates against banks and other finance firms who had sold PPI to their customers.
How is Plevin different to mis-sold PPI?
Originally the PPI scandal was focused on the mis-selling of PPI and whether the policy was suitable or not at the point of sale.
A Plevin PPI claim will focus on whether Ace Gifts & Cards Catalogue took a high-level commission from your PPI premium without disclosing it. If the commission was hidden, or the commission was unfairly high, then this is deemed to be an unfair relationship between the lender and the borrower is eligible for make a compensation claim for a refund.
Plevin claims are based on a completely different area of law, namely the Consumer Credit Act 1974, so they are not subject to the FCA's PPI deadline.
Claiming under the Plevin ruling
You could be eligible to make a claim if:
- Your PPI policy was open after 6 April 2007;
- You have not previously complained about Mis-sold PPI to Ace Gifts & Cards Catalogue;
- Your PPI Claim was previously rejected by Ace Gifts & Cards Catalogue;
- Ace Gifts & Cards Catalogue only refunded you for the “Plevin only” part of your PPI (also known as a “tipping point offer”)
The Plevin ruling means that if more than 50% of your PPI’s cost went to hidden commission to the lender, or the lender and the broker combined, and it was not sufficiently explained to you, you are due compensation.
How much am I likely to get back?
Plevin claim payouts can range from anywhere between £1,000 to £40,000, with the average amount about £3,000.
How much you may receive for your Plevin PPI claim will depend on the value of your original PPI policy. If the commission charged on the PPI policy was over 50% of the cost and this was not disclosed, means that you are at least entitled to the difference in the commission back in compensation plus interest.
The amount of compensation you could get back for a high commission complaint is a full refund of all PPI premiums paid with contractual interest, however there are other factors that can come in depending on your circumstances.
Below is a simple example of what a commission-based compensation complaint could look like, in reality it will probably be more complicated:
- Mrs Bellington took out a bank loan for £12,000, six years ago. Her monthly repayments were £250 over 5 years, out of which £50 was made up of PPI premiums. The total amount of her PPI premiums was £3,000 for the term of the loan
- 60% of the PPI premiums went to the lender as commission in a profit share, which Mrs Bellington was unaware of. This amount totals £1,800
- Under the Plevin ruling Mrs Bellington is due compensation because her bank did not disclose what the levels of commission were, and the commission element of her premiums was above the 50% threshold or 'tipping point'
- As Mrs Bellington has not previously complained about mis-sold PPI he is eligible for high commission PPI claim under the Plevin ruling and FCA guidelines
- Although Mrs Bellington's PPI was sold mis-sold, the level of commission charged was deemed as an 'unfair' relationship and is eligible to receive compensation for this to the value of £385 under the FCA guidance. This is calculated by subtracting 50% of the cost of the PPI (£1,500) from the amount paid in commission and profit share (£1,800) to make £300 and adding statutory interest at 8% (£85).This gives us the total compensation of £385
- Under a Plevin PPI claim brought by MoneyPlus Legal, we would be seeking the full £3,000 PPI premiums paid plus interest and 8% statutory interest for Mrs Bellington minus the £385 he will have received from the lender. This means Mrs Bellington could be entitled to a further amount of at least £2,615.
Who are Ace Gifts & Cards Catalogue?
Ace Gifts & Cards is a mail-order catalogue business run by Express Gifts. It offers a wide variety of products including and wrap, gifts, gadgets, toys, confectionery, household and electrical goods.
The company developed from its humble beginnings in 1962 when it specialised in the provision of predominantly paper products sold through to a mail-order catalogue.
Express Gifts runs Ace Gift and Cards catalogue, and other brands such as includes Studio, Webb Ivory, Miller Fundraising and Pendle Vale. Express Gifts Limited is the home shopping catalogue division of Findel Plc.
As with most catalogues, Ace Gifts & Cards offers a credit account to pay for purchases. These accounts are subject to credit checks and enable you to pay for purchases over an extended period.
PPI was often added onto these credit accounts and may have been charged a high level of commission which was not disclosed to you. If this was the case, then you may be entitled to make a claim for compensation under the new Plevin ruling.
Before making a claim for PPI commission, it is important to find out if your Ace Gifts & Cards catalogue account had PPI attached to it and how much commission was charged on the policy. This applies to both the online catalogue facility and the more traditional paper catalogue.
Ready To Get Started?
To find out if you're eligible to make a commission claim start a FREE Plevin PPI check with MoneyPlus Legal. We'll check your Ace Gifts & Cards Catalogue credit agreement and the amount of commission you were charged on your PPI policy to establish if you have a valid claim under the Plevin ruling.
MoneyPlus Legal Plevin PPI Service:
- 100% free - No obligation Plevin PPI check
- Operates on a No-Win, No Fee Basis*
- Require No Upfront Fees
- Fully Regulated by the SRA
How we can help with your Ace Gifts & Cards Catalogue Plevin Claim
MoneyPlus Legal is a Plevin PPI Claims specialist, whose 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. If you’re unsure whether you are eligible to make a claim under the Plevin ruling please don't worry as 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 specialist 'Plevin' PPI claims experience to investigate, negotiate and settle any claim as quickly as possible. Our Plevin PPI Check and claim service is simple and completed on a no win no fee basis* and you will be kept informed throughout the claim process.
The Plevin Claims Process
Step 1
Start Your Free
Plevin PPI Check
MoneyPlus Legal will call you to discuss your potential claim, confirm some details & explain the next steps to progress your claim.
Step 2
Sign & Return Our Pre-Filled Forms
MoneyPlus Legal will send out a claim pack with letter of authority to sign & return back so they can start your Plevin PPI check.
Step 3
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.
To find out if you are eligible for undisclosed high commission refund from Ace Gifts & Cards, start a Free Plevin PPI Check with MoneyPlus Legal.
Other Catalogue providers facing PPI claims:
Ambrose Wilson Catalogue PPI Claim
CrazyClearance Catalogue PPI Claim
Definitions Catalogue PPI Claim
Empire Stores Catalogue PPI Claim
Fashion World Catalogue PPI Claim
Fifty Plus Catalogue PPI Claim
Gray & Osbourn Catalogue PPI Claim
Great Universal Stores Catalogue PPI Claim
High and Mighty Catalogue PPI Claim
Home Essentials Catalogue PPI Claim
House Of Bath Catalogue PPI Claim
Julipa (ex Heather Valley) Catalogue PPI Claim
Kaleidoscope Catalogue PPI Claim
Littlewoods Catalogue PPI Claim
Look Again Catalogue PPI Claim
Love Label Catalogue PPI Claim
Marshall Ward Catalogue PPI Claim
Next Directory Catalogue PPI Claim
Premier Man Catalogue PPI Claim
Shapely Figures Catalogue PPI Claim
Shoe Tailor Catalogue PPI Claim
Simply Yours Catalogue PPI Claim
So Fabulous Catalogue PPI Claim
The Brilliant Gift Shop Catalogue PPI Claim
The X Catalogue Store PPI Claim
VivaLaDiva.com Catalogue PPI Claim
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