HOW IS PLEVIN REFUND CALCULATED?



When it comes to understanding Plevin refunds, a key aspect to look at is how these refunds are calculated. The Plevin case, a landmark ruling in the world of Payment Protection Insurance (PPI), has opened a new avenue for claims, particularly focusing on the level of commission charged on PPI policies. This article aims to break down the process of calculating Plevin refunds, providing a clearer picture for those who might be eligible for compensation.



Understanding the Basis of Plevin Refunds

Plevin refunds are based on the commission included in the PPI policy. If the commission exceeded 50% of the PPI cost and wasn’t disclosed to the customer, the extra amount can be claimed back. This rule comes from a Supreme Court decision that revealed undisclosed high commissions created an unfair relationship between the lender and the consumer.



The Calculation Process

Click here to find out how it's calculated



https://www.yourclaimmatters.co.uk/ppi-plevin-calculation/

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