Plevin a few questions

Bigmac1962

I have read a few articles and threads regarding the Plevin case and have a few questions which I was hoping some of the experts on this forum may be able to assist.
I know that the FCA has yet to publish it's guidance regarding this matter (due before end of year?), but what I was wondering will this cover loans which were unregulated? I took out a loan with Paragon in 2003, paperwork states that this was "Unregulated Credit Agreement" - does the fact it is Unregulated mean that I would be unable to seek redress? I consider that I can prove that the PPI was mis-sold.

I then refinanced this loan with another from Paragon in 2006 which was regulated - have reclaimed part of PPI on this through the FSCS as broker involved has gone bust (Pretty sure I got 90%). Would it be possible to claim from Paragon - aware that I may have to repay part to FSCS.

Any advice would be appreciated.

dunstonh

I know that the FCA has yet to publish it's guidance regarding this matter (due before end of year?), but what I was wondering will this cover loans which were unregulated?

I doubt it as the regulator cant force regulations on things it does not regulate.

does the fact it is Unregulated mean that I would be unable to seek redress? I consider that I can prove that the PPI was mis-sold.

It is possible the lender may follow the FCA guidelines on all loans. However, that would be voluntarily.