River Island Store card Plevin PPI COMMISSION ClAIm
IT'S NOT THE END OF THE 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.
About River Island
River Island is a London-based, multi-channel fashion brand, founded in 1948 by Bernard Lewis. The retailer has a presence in over 125 of worldwide markets, in stores and online. Best known for its trend focused womenswear offering, River Island also has menswear, kidswear and pet collections. R
With over 60 years of fashion retailing experience, River Island is one of the most well-known and loved brands on the High Street. We pride ourselves on our stylish, affordable fashion.
Our customers can always rely on us to pick up everything they need from occasion wear, to amazing denim and fabulous bags and shoes.
With over 300 stores across the UK, Ireland and internationally, as well as size dedicated online sites, River Island is a major player in the fashion market.
River Island was one of the main operators of store cards and you could be entitled to compensation if you took out one of their cards which had PPI attached to it.
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.
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.
With around 64 Million PPI Polices Sold Between 1990 and 2010 there is a significantly high chance that you are eligible for a refund.
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 River Island took a high-level commission from your store card PPI premium(s) 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 River Island ;
- Your PPI Claim was previously rejected by River Island;
- River Island 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 River Island card?
A recent ruling means simply being sold payment protection insurance (PPI) means you're potentially a victim of a different category of mis-selling. Although the PPI deadline has now passed you can still claim back PPI commission from River Island .
River Island was one of many retailers who operated store cards. If you took out a River Island store card between 1990's and 2010 you could be owed money from them. Store cards were a type of credit card where you can use them to make purchases in store and pay for them later.
River Island Next store cards were sold as a convenient line of credit for customers who could not or did not want to pay in full in one transaction. Generally, retail stores made a profit on shoppers who failed to pay off the balance on the card each month, when outstanding balances would attract interest charges of up to 30%.
River Island shoppers who signed up to a store card may have also had a payment protection insurance (PPI) policy attached to it.
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 many River Island customers are checking their store card accounts to find out if they had PPI and whether they could be eligible to make to commission claim under the Plevin ruling.
If your River Island store card had a PPI policy and they took a high-level of commission from your store card PPI premiums without disclosing this to you. Then under the Plevin ruling this is deemed to be an unfair relationship and you automatically become eligible to claim back a PPI commission refund.
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 River Island store card agreement and contact them to find out if you have a valid claim.
How we can help with your River Island Store Card 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
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.