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PPI CLAIMS DEADLINE
29th Aug 2019

The Plevin vs Paragon Case Summary

Susan Plevin v Paragon Personal Finance 2014 – Plevin, a retired college lecturer, was introduced to Paragon by a broker who assessed her ‘demands and needs’ for PPI. Paragon accepted the business and carried out money laundering checks but did not discuss the suitability of the insurance.

The loan, for £34,000 at 7.3% APR over ten years was regulated by the Consumer Credit Act 1974. The PPI was a single premium policy costing £5780 – 71.8% of this was commission.

Action: Plevin claimed she was mis-sold the PPI as it didn’t meet her needs. She discovered the PPI contained undisclosed high-levels of commission and argued she may not have taken out the policy had she known this as the PPI wasn’t value for money.

The Supreme Court case in June 2014 centred on an ‘unfair relationship’ under the Consumer Credit Act 1974 between her and Paragon regarding the non-disclosure of high commission within the PPI premium.

Outcome: The Supreme Court rule Plevin had been mis-sold PPI and the non-disclosure of commission was as an unfair relationship with the lender. The commission was beyond a ‘tipping point’ but didn’t explain what the limit or starting point of such a tipping point was.

IMPORTANT NOTICE!

WE ARE NO LONGER ACCEPTING NEW PPI CLAIMS!

Due to the proximity of the PPI deadline, we are no longer accepting any new PPI claims to allow us to process existing PPI Claim enquiries

Please be assured, if you have already enquired about a PPI Claim with Money Management Team Limited we are processing your enquiry and will update you as your claim progresses. If you need an update in the meantime, please contact us.

You can pursue your own claim direct to the firm to obtain a refund. You can do this for yourself at no cost and then use the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) which are both FREE.

Dont Miss the 29th Aug 2019 PPI Deadline!

£Millions Remain Unclaimed!

Important Information


Your PPI Claim starts with a Free PPI Check service.
Our PPI Claim fee of 20% + VAT (so 24% of the total redress offered by your lender) is payable if your claim is successful. That means if we don’t recover you anything, you don’t pay us a penny.

You can submit a claim directly to the lender yourself for no charge. You can also approach the Financial Ombudsman Service and Financial Services Compensation Scheme for free to review your case, providing it falls within their remit and you have approached your lender first.

Our Fees

Your PPI Claim starts with a Free PPI Check service. Our PPI Claim fee of 20% + VAT (so 24%° of the total redress offered by your lender) is payable if your claim is successful. That means if we don’t recover you anything, you don’t pay us a penny