House of Bath 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
Who Are House of Bath Catalogue?
House of Bath is part of JD Williams & Company Limited and is focused on the home, with a wide range of furniture and accessories for each room in the house.
As with the vast majority of catalogues, House of Bath 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 House of Bath 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 House of Bath 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 House of Bath. Find out how below.
House of Bath 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 House of Bath Catalogue's customers are now checking their accounts to see if they are could still be owed any PPI commission compensation from them.
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 House of Bath 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 House of Bath;
- Your PPI Claim was previously rejected by House of Bath;
- House of Bath 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.
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 House of Bath 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.
How we can help with your House of Bath 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
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.
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.
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.
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.