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    • mlouise
    • By mlouise 14th May 18, 7:16 PM
    • 2Posts
    • 0Thanks
    mlouise
    Plevin claim
    • #1
    • 14th May 18, 7:16 PM
    Plevin claim 14th May 18 at 7:16 PM
    We have been told by Barclays that they believe we have paid more than 50% commission to Capital one for PPI. But they have said they may not have information as to exactly how much. They have told us they now believe we have paid 52% over. The plevin ruling was 71% does anyone know if we should accept this? Or are they just giving us the minimum?
Page 1
    • zx81
    • By zx81 14th May 18, 7:19 PM
    • 16,827 Posts
    • 17,825 Thanks
    zx81
    • #2
    • 14th May 18, 7:19 PM
    • #2
    • 14th May 18, 7:19 PM
    They're not giving you the minimum.

    They're giving you the figure they believe applies.
    • dunstonh
    • By dunstonh 14th May 18, 7:31 PM
    • 92,611 Posts
    • 59,921 Thanks
    dunstonh
    • #3
    • 14th May 18, 7:31 PM
    • #3
    • 14th May 18, 7:31 PM
    They have told us they now believe we have paid 52% over. The plevin ruling was 71% does anyone know if we should accept this?
    Some PPI exceeds the tipping point. Some PPI is way under the tipping point. Plevin was high because of the type of PPI. Credit card PPI was lower than loan PPI.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • mlouise
    • By mlouise 14th May 18, 10:00 PM
    • 2 Posts
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    mlouise
    • #4
    • 14th May 18, 10:00 PM
    dunstonh
    • #4
    • 14th May 18, 10:00 PM
    mine was a large loan. do you think 52% is right? just seems a coincidence that they allow 50% and they are guessing we paid 2% over.
    • Moneyineptitude
    • By Moneyineptitude 14th May 18, 10:09 PM
    • 20,148 Posts
    • 11,095 Thanks
    Moneyineptitude
    • #5
    • 14th May 18, 10:09 PM
    • #5
    • 14th May 18, 10:09 PM
    just seems a coincidence that they allow 50% and they are guessing we paid 2% over.
    Originally posted by mlouise
    How do you plan to prove otherwise?
    • safestored4
    • By safestored4 14th May 18, 10:10 PM
    • 429 Posts
    • 400 Thanks
    safestored4
    • #6
    • 14th May 18, 10:10 PM
    Plevin
    • #6
    • 14th May 18, 10:10 PM
    The size of your loan is totally irrelevant. Plevin only relates to the commission charged on the loan. Just accept what Barclays have offerred and get on with your life.
    • dunstonh
    • By dunstonh 15th May 18, 10:02 AM
    • 92,611 Posts
    • 59,921 Thanks
    dunstonh
    • #7
    • 15th May 18, 10:02 AM
    • #7
    • 15th May 18, 10:02 AM
    just seems a coincidence that they allow 50% and they are guessing we paid 2% over.
    Seeing as the FCA set the figure at 50% in their consultation nearly 2 years ago, its not really a coincidence as that was long before your complaint.

    Most PPI commissions were below 50%. It was the profitshare operated by the big banks that took it over the tipping point. If profitshare was not in place, then you would expect it to be in this ballpark.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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