TFS Loan Plevin PPI Claim



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 PPI redress scheme that ended in 2019 and is based on the amount of commission you were charged on your PPI policy.

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

About TFS Loans

TFS Loans is a direct lender, so you’ll always know where you’re borrowing from. If you’ve been refused credit by the high-street banks before, TFS Loans has a good range of guarantor loans to choose from and an efficient service to see you back on your financial feet. Having been around since 2003, it’s a tried and tested lender that’s gimmick free.

TFS provide an alternative to payday loans, with affordable interest rates for those with a poor credit history. To qualify for a loan from TFS, a regular monthly income is needed, but there are no requirements as to what this source of income is. A guarantor was also required, and they must be between 18 and 75, be a UK homeowner and have their own regular income.

PPI was often sold with loans and with the average commission charged at 67%, you may also have been charged a high level of commission on your PPI premium(s). If this wasn't disclosed you could be entitled to make a claim for compensation under a ruling known as the 'Plevin' ruling as this constitutes an unfair relationship. However before making any claim for commission, it is important to find out the level of commission you were charged on your PPI policy premium(s).

TFS Loans Ltd went into administration in February 2022 and has been fined by the Financial Conduct Authority (FCA) for doing inadequate affordability checks on over 3000 guarantors. 

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. however a Plevin PPI claim's focus is on whether TFS Loans took a high-level commission from your PPI premium without telling you about 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 TFS Loans;
  • Your PPI Claim was previously rejected by TFS Loans;
  • TFS Loans 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.

Had PPI with your TFS Loan?

A recent ruling means simply being sold payment protection insurance (PPI) means you're potentially a victim of a mis-selling. Although the PPI deadline has now passed you could still claim PPI compensation from TFS Loans. Find out how below.

TFS Loans were one of the many firms involved with the mis-selling of PPI with loans. You may have been offered PPI when you took a loan with them. PPI insurance was designed to cover payments if you were unable to because of an accident, sickness, involuntary unemployment or your death.

With the Plevin ruling and subsequent landmark court cases that have come to light, thousands of people who initially thought they were not eligible to claim may now be eligible to make a claim. This is why so many of TFS Loans customers are checking their accounts to find out if they had PPI and whether they could be eligible to make to commission claim under the Plevin ruling.

Ready To Get Started?

If you believe you could be eligible to make a commission claim under the Plevin PPI ruling please start a FREE PPI Check with MoneyPlus Legal. They'll check your TFS Loans finance agreement and contact them to find out if you have a valid claim.

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

Find out if you are eligible to make a high commission claim under the new ruling by starting a Free Plevin PPI Check with MoneyPlus Legal.

How we can help with your TFS Loans 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.

Our 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.

Find out if you are eligible to make a high commission claim under the new ruling by starting a Free Plevin PPI Check with MoneyPlus Legal.

Other Loan Providers who Sold PPI

The following is a list of loan providers who are known to have sold PPI. Please note this is not an exhaustive list.

AA Loan Plevin PPI Claim

Amigo Loan Plevin PPI Claim

Bank of Ireland Loan Plevin PPI Claim

Bank of Scotland Loan Plevin PPI Claim

Barclays Bank Loan Plevin PPI Claim

BeSavvi Loans Plevin PPI Claim

BumbleBee Loans Plevin PPI Claim

Cahoot Loan Plevin PPI Claim

Clydesdale Bank Loan Plevin PPI Claim

Consollo Loan Plevin PPI Claim

Creation Loan Plevin PPI Claim

Danske Bank Loan Plevin PPI Claim

Derbyshire Building Society Loan Plevin PPI Claim

First Direct Loan Plevin PPI Claim

Fluent Loans Plevin PPI Claim

George Banco Loan Plevin PPI Claim

GuarantorUs Loans Plevin PPI Claim

HSBC Loan Plevin PPI Claim

Halifax Loan Plevin PPI Claim

Hitachi Capital (UK) Plc Loan Plevin PPI Claim

Lloyds Bank Loan Plevin PPI Claim

M&S Bank Loan Plevin PPI Claim

Madiston LendLoanInvest Loan Plevin PPI Claim

Metro Bank Loan Plevin PPI Claim

Moneyway Loan Plevin PPI Claim

Nationwide Loan Plevin PPI Claim

NatWest Loan Plevin PPI Claim

Ocean Finance Loan Plevin PPI Claim

Pareto Loans Plevin PPI Claim

Post Office Loan Plevin PPI Claim

Quid Cycle Loan Plevin PPI Claim

Royal Bank of Scotland Loan Plevin PPI Claim

Santander Loan Plevin PPI Claim

Sainsbury's Bank Loan Plevin PPI Claim

Smile Loan Plevin PPI Claim

TSB Loan Plevin PPI Claim

Tesco Bank Loan Plevin PPI Claim

The Co-operative Bank Loan Plevin PPI Claim

TrustTwo Loan Plevin PPI Claim

UK Credit Loan Plevin PPI Claim

Ulster Bank Loan Plevin PPI Claim

Yorkshire Bank Loan Plevin PPI Claim

Zuto Loan Plevin PPI Claim

Find out if you are eligible to make a high commission claim under the new ruling by starting a Free Plevin PPI Check with MoneyPlus Legal. 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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What is Loan Payment Protection Insurance (PPI)?

Many loan providers sold Payment Protection Insurance (PPI) to their customers over the last 20 years or so. The policy was meant to act as a safety net to protect borrowers from falling into arrears if they ever stopped working because of sickness, an accident or if they became unemployed, the policy would cover their loan repayments.

However lenders found that selling PPI with a loan rather than a credit card for example, was much easier, because of the size and length of a loan. So PPI was mis-sold by banks and lenders on a huge scale with loans. Millions were sold PPI without knowing they had it.

You may have been sold PPI if you took out a loan between the 1990 up to the 2010. It was an insurance policy that was attached to loans and other forms of credit such as mortgages, credit cards. catalogue accounts and even overdrafts. It was sold on to both consumers and businesses.

It took many different names such as:

Accident, sickness and unemployment insurance (ASU)
Account cover
Credit insurance
Credit protection
Loan care
Loan insurance
Loan protection
Loan repayment insurance
Mortgage payment protection insurance (MPPI)
Payment cover
Protection plan

Although the PPI deadline has now passed, you may still be eligible to make a claim under Plevin.  With around 64 millions policies sold between 1990 and 2010 there is a significantly high chance that you are eligible for a refund.

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