successful PPI claim Now told Plevin v Paragon

Hi,
We had a successful claim for PPI against First plus now received a letter stating we could have a claim as FP failed to disclose commission from a CMC
Can this be correct?
Can we do it ourselves using the forms on this website?
Our loan is now with Eldridge so do we complain to them.

Comments

  • dunstonh
    dunstonh Posts: 119,188 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 12 November 2016 at 12:18AM
    Can this be correct?

    No. it shouldnt be as Plevin only applies to failed complaints.

    With successful complaints you are refunded the full premiums paid. With Plevin, you will only be refunded the commission paid above 50% (none if under, only the excess if over 50%).

    So, if you had a 100% refund already, then you can't be impacted by Plevin.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • golf18 wrote: »
    now received a letter stating we could have a claim as FP failed to disclose commission from a CMC
    The Claims Company are just trying to drum up business. You will get nothing extra from Plevin because your complaint was successful.

    Ignore the CMC letter and enjoy your redress, you will get no more...
  • golf18
    golf18 Posts: 17 Forumite
    glad to see our thoughts are correct many thanks for your replies

    thanks
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