Further PPI Compensation - Recent Judgement

Subsequent to a recent decision at The Supreme Court, compensation separate to mis-sold PPI may now be sought.

For example in the case of Plevin v Paragon Finance, it was decided that amongst other matters the non disclosure of such high levels of PPI commission led to an unfair relationship between the lender and customer. Commission for PPI was found to be in excess of 70% of the premium and was not disclosed to the client.

FCC are now working with a team of Solicitors and Barristers with banking backgrounds and experience of financial litigation who obtain compensation for these matters through a legal process. This means that compensation can be received even though it was previously denied or when a company said ‘NO PPI’ existed. Using legal redress it has also been possible to have additional sums paid, even though compensation was paid initially.

This work will continue to be undertaken on a NO WIN NO FEE basis.

Recent judgements mean that new legal arguments may be used against lenders for mis-selling, misrepresentation, non-disclosure of commissions and various unfair practices.

Compensation has been paid where:

(1) Company said there was no PPI.
(2) Company or Financial Ombudsman Service refused to uphold complaint.
(3) Compensation was paid but additional monies could have been claimed.

Successes have been obtained by actions against the following companies

  • Lloyds TSB
  • Blackhorse Finance
  • Welcome Finance
  • Royal Bank of Scotland
  • Northern Rock
  • MBNA
  • Barclays Group
  • American Express
  • Nationwide
  • Picture Finance

Following is a list of clients who have won compensation when previously denied or have had ADDITIONAL compensation payments made following our solicitors reviewing their file.

Case Study (1) Mr Cameron, Dunbartonshire Rejected Complaint


In 2009 Mr Cameron made a claim for missold PPI to his bank.  He didn’t keep any paperwork so wrote to his bank asking for details. They wrote back some time later to say he had no PPI. Although unsure about this, he took them at their word, as the bank would know if he had PPI or not.
In March 2016 we referred Mr Cameron to our solicitors. Having entered his details to their system they sent him some forms to sign and return. They then wrote to the bank using legal rules and found that Mr Cameron DID have PPI attaching to his loans.
They were able to use the recent decision at the Supreme Court to have a compensation payment made.
In May Mr Cameron was notified that he a total of £19,301.81 was claimed on his behalf.
Mr Cameron, a retail manager said “I was contacted by FCC telling me my claim could be resurrected, I wasn’t really sure how this was possible but I had nothing to lose. I then received paperwork from their solicitors, which I signed and returned. At the end of May they notified me that they had won several claims on my behalf. I was shocked but delighted and bought myself a new car”

FCC solicitors said “it is sadly not uncommon for clients to be told they have no PPI or that the lender ‘cannot locate their file’. We were delighted with Mr Cameron’s result and using the Supreme Court decision we would have won his case even if they had admitted to his PPI and rejected his complaint”

Case Study (2) Additional Compensation Award


Mr Baillie had taken his claim for missold PPI and had been awarded compensation in 2012.
FCC contacted Mr Baillie after they had received legal advice that many claims already paid out could be enhanced using legal rules.
We passed Mr Ballie’s details on to our solicitors in March this year. They entered his details to their system and sent him some pre-populated forms to be signed and returned. He did this as soon as he got them.
In May our solicitors wrote to Mr Baillie informing him that they had a further award of £842.
Mr Baillie said “the whole process was very straightforward. I just signed some forms and sent them back free post. My claim was acknowledged then the next thing I heard was that I had been made a further payment. I am delighted and would have had no idea about this if FCC hadn’t been in touch”

Here is a list of other clients who were either denied compensation and have now been paid, or were awarded compensation and our solicitors have been able to have aditional pay-outs.


Mr & Mrs Allen received additional compensation of £4,121.08 additional compensation from Barclays
Ms Clarke received additional compensation of £151.43 from Halifax
Mr & Mrs Baxter received aditional compensation of £447.07 from Lloyds
Ms Morgan received aditional compensation of £69.73 from Lloyds
Ms Gonnell received £1807.62 having initially being rejected by Blackhorse
Mr McCafferty received additional compensation of  £3,825.27 and £2,424.66 both from Blackhorse
Mr Andreoni received additional compensation of £3,173.97 from Lloyds
Mrs Cox received additional compensation of £379.36 from Halifax
Mr Blackshaw received additional compensation of £221.21 from Halifax
Mr Foster received additional compensation of £4,467.13 from Lloyds
Mr Ewan received additional compensation of £1913.72 with RBS
Mr & Mrs Rodgers received additional compensation of £12,814.57 from Halifax
Mr Walker received aditional compensation of £3,886.74 from Halifax
Mr Henderson received additional compensation of £2,152.27 & £522.28 from RBS
Mr & Mrs Eaglesham received aditional compensation of £57.22 from RBS
Mrs Richardson received additional compensation of £1401.47 from RBS
Mr & Mrs Campbell received additional compensation of £43.94 from RBS
Miss Craig received additional compensation of £143.91 from RBS
Miss Hamilton received additional compensation of £5,604.66 from RBS
Miss Samson received additional compensation of £846.87 from RBS
Mrs Lattimer received additional compensation from Lloyds for £1,490.95 & £1,262.23
Mr Baillie received additional compensation of £2,501.42, £2,272.36, £326.25 & £313.91 from RBS
Mr & Mrs Wynne received additional compensation of £1520.95 from Northern Rock
Mr Allman received additional compensation of £3,665.73 from Bank of Scotland
Mr Alexander received additional compensation of £19,219.73 from Barclays

 

Please contact us urgently if you have had a loan with any of these companies, regardless if you have had PPI or not, or if you had a PPI and had a claim refused or upheld.

© Copyright 2017 Financial Compensation Centre Ltd - 31 Church Street, Coatbridge. ML5 3DP
Registration No. SC259248 - Registered Office: Suite 411, Baltic Chambers, 50 Wellington Street, Glasgow G2 6HG - email: info@fcc123.com

Regulated by the Claims Management Regulator in respect of regulated claims management activities. Authorisation Reference No CRM2352.
Registration recorded on the website http://www.justice.gov.uk/claims-regulation