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Average Plevin Payout

average plevin payouts
Do you believe there may have been hidden commission that was not disclosed to you during the sale of a financial contract? If so, you could have a claim for compensation. This article will outline the details of what Plevin PPI is and how you can make your own claim.

Reviewed By: John Black

John is Claim's Bibles lead content writer and is passionate about helping people claim the compensation they deserve if they have been mis sold or mislead.

Last Updated on 29th January 2024 by John Black

Home E Financial Product Claims E Average Plevin Payout

If you think that you could be owed compensation as part of a Plevin PPI claim, it is definitely worth speaking to an expert in this area. You could be owed thousands of pounds as a result of commission that was hidden from you during the sale of a financial contract. But before you can get justice for this wrongdoing, you need to know more about Plevin PPI, how it differs from normal PPI and the ways that you can go about making a claim to get back the money you deserve.

What is Plevin PPI?

It’s easy to presume that all PPI claims are the same, but Plevin claims have some key differences. The main one is that PPI focuses on mis-sold finance contracts, whereas Plevin looks more closely at contracts containing hidden commission that was not disclosed at the time of the sale. The latter option is something the team at Claims Bible can help you with, so make sure to get in touch if you believe this may have happened to you.

Average Plevin payout amount

You could be entitled to Plevin compensation if more than 50% of your PPI’s cost went to commission. It has been reported that the typical commission on PPI was around 67% (https://techround.co.uk/guides/plevin-claims/) in the United Kingdom, so more than a million people could potentially be entitled to compensation. In fact, anyone who ever had a PPI policy – even if they’ve already claimed on this – could be owed a refund from their lender.

If you think that you are one of these people, you could stand to gain anywhere from £1,000 to £40,000 from your claim. The average payout is around £3,000, so no matter how big or small you think your claim could be, it’s definitely worth finding out more. To get justice today, contact the team at Claims Bible for more advice.

How to claim Plevin PPI

Making a compensation claim on your own can be a lengthy and difficult process and can require a lot of time and effort. If you don’t have the time to dedicate to the process and you don’t wish to battle courts or third parties on your own, the best option is to find professionals who can help you.

1. Enquiry

The first step is to make an enquiry. All you have to do is head to our Plevin PPI claims page and fill in some basic details. This should only take a moment of your time.

2. Submit information

Once your enquiry has been received, a member of our team will be in touch with you to get the rest of the details and information that is needed to follow up on the claim. You may need to submit this through a law firm, but this will ensure that our team has everything they need to get started.

3. Receive compensation

The final step is hearing back from our team. If your claim has been successful, you will get the compensation paid straight into your bank account!

Rest assured our experienced team will take care of everything from start to finish – we don’t want you to have to go through months of stress to get what you are owed. We are dedicated to making the process as smooth as possible for you and ensuring that you get the right amount of compensation.

Is there a deadline for Plevin claims?

While you can no longer make claims for mis-sold PPI (the deadline for these was August 2019), Plevin claims are made under a different section of the law – the Consumer Credit Act 1974 – so it’s still possible to submit one. In fact, there isn’t an end date at the moment.

Calculate your Plevin PPI claim today!

If you have any finance contracts that you think were sold to you with hidden compensation, then you may be able to claim some of your money back. It can be a long process, but that shouldn’t stop you from getting justice for the wrongdoing committed against you. That is why, at Claims Bible, we are dedicated to helping you get the compensation you deserve.

You can find out more about Plevin PPI claims here. Alternatively, check out our blog page to read articles about similar claims.

If you are ready to submit a Plevin PPI claim, visit our enquiry page today and let us know about your situation.

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