Great Universal Stores Catalogue Plevin PPI Claim

Great Universal Stores 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.

Potter v Canada Square Ruling - April 2021

Who Are Great Universal Stores Catalogue?

Great Universal Stores was a UK catalogue retailer. On 10 October 2006, the company was split into two separate companies: Experian which continues to exist, and Home Retail Group which was bought by Sainsbury's in 2016.

As with the vast majority of catalogues, Great Universal Stores offered credit accounts to pay for purchases. These accounts were subject to credit status checks and enabled their customers to pay for purchases over an extended period of time.

PPI was often added onto catalogue accounts and you may have been charged a high level of commission which was not disclosed. If this was the case then you could 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 Great Universal Stores catalogue account had PPI attached to it. This applies to both the online catalogue facility and the more traditional paper catalogue.

Many didn't read the small print of the account terms and conditions, and PPI was often included to accounts without being brought to the customer’s attention. It was also often added as an afterthought, and you may have received a letter telling you that the product had been added to the account.

If you can't remember please don't worry as this can be done during the Plevin PPI check by MoneyPlus Legal.

Had PPI with your Great Universal Stores Catalogue Account?

A recent ruling means simply being sold PPI means you're potentially a victim of a mis-selling. Although the PPI deadline has now passed you could still claim PPI compensation with Great Universal Stores. Find out how below.

Great Universal Stores were one of the many firms involved with the mis-selling of PPI with their catalogue accounts. With now the Plevin ruling and subsequent landmark court cases coming to light, thousands of people who initially thought they were not eligible to claim under the new ruling are now be eligible to make a claim. This is why so many of Great Universal Stores Catalogue's customers are now checking their accounts to see if they are could still be owed any PPI commission compensation from them.

To find out if you are eligible for undisclosed high commission refund from Great Universal Stores Catalogue, 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:

  1. The commission payment was not disclosed;
  2. 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 Great Universal Stores 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 borrower and is eligible for compensation claim.

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, hence claims are still being processed today.

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 Great Universal Stores;
  • Your PPI Claim was previously rejected by Great Universal Stores;
  • Great Universal Stores 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.

To find out if you are eligible for undisclosed high commission refund from Great Universal Stores Catalogue, start a Free Plevin PPI Check with MoneyPlus Legal.

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 Great Universal 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 Great Universal Stores 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 Great Universal Stores Catalogue, start a Free Plevin PPI Check with MoneyPlus Legal.

Other Catalogue providers facing PPI claims:

The following catalogue companies may have sold PPI to you. Please note that this is not an exhaustive list of catalogue and mail order providers but list the main one.

Ace Gifts and Cards Catalogue Plevin PPI Claim

Ambrose Wilson Catalogue Plevin PPI Claim

Choice Catalogue Plevin PPI Claim

CrazyClearance Catalogue Plevin PPI Claim

Daxon Catalogue Plevin PPI Claim

Definitions Catalogue Plevin PPI Claim

Empire Stores Catalogue Plevin PPI Claim

Fashion World Catalogue Plevin PPI Claim

Fifty Plus Catalogue Plevin PPI Claim

Figleaves Catalogue Plevin PPI Claim

Freemans Catalogue Plevin PPI Claim

GoodSouls Catalogue Plevin PPI Claim

Grattan Catalogue Plevin PPI Claim

Gray & Osbourn Catalogue Plevin PPI Claim

Great Universal Stores Catalogue Plevin PPI Claim

High and Mighty Catalogue Plevin PPI Claim

Home Essentials Catalogue Plevin PPI Claim

House Of Bath Catalogue Plevin PPI Claim

Index Catalogue Plevin PPI Claim

Isme Catalogue Plevin PPI Claim

Jacamo Catalogue Plevin PPI Claim

Julipa (ex Heather Valley) Catalogue Plevin PPI Claim

Kaleidoscope Catalogue Plevin PPI Claim

Kays Catalogue Plevin PPI Claim

Ladybird Catalogue Plevin PPI Claim

Littlewoods Catalogue Plevin PPI Claim

Look Again Catalogue Plevin PPI Claim

Love Label Catalogue Plevin PPI Claim

Marisota Catalogue Plevin PPI Claim

Marshall Ward Catalogue Plevin PPI Claim

Next Directory Catalogue Plevin PPI Claim

Oli Catalogue Plevin PPI Claim

Oxendales Catalogue Plevin PPI Claim

Premier Man Catalogue Plevin PPI Claim

Savoir Catalogue Plevin PPI Claim

Shapely Figures Catalogue Plevin PPI Claim

Shoe Tailor Catalogue Plevin PPI Claim

Simply Be Catalogue Plevin PPI Claim

Simply Yours Catalogue Plevin PPI Claim

So Fabulous Catalogue Plevin PPI Claim

South Catalogue Plevin PPI Claim

Studio Catalogue Plevin PPI Claim

The Brilliant Gift Shop Catalogue Plevin PPI Claim

The Value Catalogue Plevin PPI Claim

The X Catalogue Store Plevin PPI Claim

Very Catalogue Plevin PPI Claim

VivaLaDiva.com Catalogue Plevin PPI Claim

Woolworths Catalogue Plevin PPI Claim


PPIClaims.com is a trading style of MoneyPlus Legal. MoneyPlus Legal is authorised and regulated by the Solicitors Regulation Authority. SRA Number 428794.
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Your lender may have charged unfair commission on your PPI policy, incorrectly rejected your PPI claim previously, or miscalculated your redress payment and you may be due a refund. To find out if you are eligible to reclaim under the Plevin ruling, complete your contact details below & we'll be in touch to start your no obligation Plevin PPI check.

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Latest PPI Commission Claim Ruling

Potter has the potential to impact on all types of credit claims!

A new PPI court ruling in April 2021 revealed how the banks used YOUR MONEY to earn hefty commissions for themselves.

Strangely, they forgot to mention the secret commissions they kept when the original PPI rulings came out.

Now the courts have said that any commission they have earned by selling PPI policies is potentially YOURS.

This ruling saw the complainant awarded £7,953.53 in compensation for the commission alone. This includes fees and interest that accrued over the years.

And it’s estimated that other people who had PPI policies will be owed from £1000s in compensation.

Potter v Canada Square Case

In Potter v Canada Square, the Lender [Canada Square Operations Ltd, formerly Egg Banking plc] accepted that the non-disclosure of commission caused unfairness in the relationship; however, it defended the claim on the basis that it was issued outside the widely accepted six-year limitation period.

Mrs Potter’s legal team invoked Section 32 of the Limitation Act 1980, which extends the limitation period due to the deliberate concealment of commission levels by the lender.

Read the Canada Square Operations Limited v Beverley Potter judgement  [2020] EWHC 672 (QB)

What the press said?

Millions more customers can now make new PPI claims – could you get up to £40,000?

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