Tweet
I am new to this forum, apologies if my terminology is incorrect or unclear, or if my questions duplicate those already discussed.
The basis of my claim is:
In 2003 I took out an "Unregulated" loan from Paragon via broker called "easy-loans" (now gone bust) for home improvements, included was a "one-off" payment protection premium.
In 2006 I refinanced again with Paragon via broker called GEL (now also gone bust) at a lower interest rate, again also included a "one-off" payment protection premium.
I consider that both PPI were mis-sold for various reasons.
I initially contacted Paragon, who told me that as both loans were via a broker any mis-selling was the responsibility of the brokers rather than Paragon.
As GEL fell under the FSCS scheme I was able to successfully claim 90% of mis-sold PPI on second loan.
However the initial loan was not covered by the FSCS scheme so reluctantly accepted there was nothing else to do.
Having done further investigations I was hoping to clarify a few points:
Is it possible to use the "Plevin" case to pursue a PPI claim on my initial loan? Or will Unregulated loans be excluded? I would appreciate any clarification that could be provided.
For the initial loan could I consider pursuing the underwriter, London & Edinburgh Insurance now part of Aviva.
If this is possible I would appreciate advice on how to go about this.
Once again apologies if the above is unclear, bur hopefully someone may be able to assist me.
The basis of my claim is:
In 2003 I took out an "Unregulated" loan from Paragon via broker called "easy-loans" (now gone bust) for home improvements, included was a "one-off" payment protection premium.
In 2006 I refinanced again with Paragon via broker called GEL (now also gone bust) at a lower interest rate, again also included a "one-off" payment protection premium.
I consider that both PPI were mis-sold for various reasons.
I initially contacted Paragon, who told me that as both loans were via a broker any mis-selling was the responsibility of the brokers rather than Paragon.
As GEL fell under the FSCS scheme I was able to successfully claim 90% of mis-sold PPI on second loan.
However the initial loan was not covered by the FSCS scheme so reluctantly accepted there was nothing else to do.
Having done further investigations I was hoping to clarify a few points:
Is it possible to use the "Plevin" case to pursue a PPI claim on my initial loan? Or will Unregulated loans be excluded? I would appreciate any clarification that could be provided.
For the initial loan could I consider pursuing the underwriter, London & Edinburgh Insurance now part of Aviva.
If this is possible I would appreciate advice on how to go about this.
Once again apologies if the above is unclear, bur hopefully someone may be able to assist me.
