How to Claim First Plus PPI Before the Deadline

Posted on June 15, 2018 by Canary Claims First Plus PPI

You’ve still got time to claim First Plus PPI before the impending deadline in August 2019. Here’s how to reclaim the money you’re owed.

All PPI claims must be made before 29th August 2019. The deadline has been set by the Financial Conduct Authority (FCA) and aims to put an end to the PPI mis-selling scandal.

Since 2011, the banks have paid £30 billion to consumers. In January 2018, the banks paid over £400 million to customers — the highest amount since March 2016. This demonstrates that people are listening to the FCA PPI adverts and acting now to receive their money.

Like many other banks and lenders, First Plus PPI was mis-sold to many customers. With the clock ticking for making a claim, you must act now. As the figures suggest, the banks are busier than ever dealing with claims.

PPI was commonly mis-sold on mortgages, credit cards, and loans. But, if you had a store card or even overdraft in the 1990s or early 2000s you could also be due a refund. Many people were unaware that they had PPI, which is why checking your previous financial paperwork is vital.

At Canary Claims, we’ve managed PPI claims for customers for over a decade. We’re here to help you with your First Plus PPI claim.

How Was First Plus PPI Mis-Sold?

Based in Cardiff, First Plus specialised in offering loans to those with impaired credit histories. This involved combining debt into one loan. The company came under much scrutiny about its loans, with many experts claiming that these loans were not beneficial for consumers.

Carol Vorderman was the face of First Plus. She appeared in television advertisements for 10 years, promoting First Plus and its loans. As a recognisable face, people trusted the company and saw it as an authority in its market. Unfortunately, this didn’t stop the mis-selling of PPI. In 2008, the company stopped taking new customers as businesses slowed down.

How to Claim Back First Plus PPI

Making a First Plus PPI claim is simple with Canary Claims. You are able to make a PPI claim yourself by contacting the bank if you wish. However, for a small fee (and only if your claim is successful), we can take the hassle out of a claim for you. We can even find out if PPI was on one or more of your accounts.

The first step to making your PPI claim is to find the relevant paperwork. Many people who were mis-sold PPI have understandably lost track of these documents over time, but working with Canary Claims ensures this isn’t a problem. If you can’t find this information, a claims company will be able to find out this information for you. Once it’s uncovered that you had PPI, you are able to make a claim.

It’s also important to understand how the insurance was mis-sold to you. Did you understand all the terms and conditions? Did you have a choice about buying it? These are just two of the ways that the insurance was mis-sold by the banks.

However, even if PPI was not mis-sold to you, there are new grounds for making a PPI claim called Plevin. Plevin means that if over 50% of your PPI sale was a commission, you can make a claim under these circumstances.

In 2000, Barclays took over First Plus. As such, they deal with all First Plus PPI claims. Once your claim has been submitted to Barclays, the banks should offer a response within eight weeks. If you don’t win your case and wish to pursue it, you can refer the case to the Financial Ombudsman. However, this can be a much longer process.

We encourage everyone to start their claims as soon as possible to make sure they beat the PPI deadline rush.

Canary Claims offer an incredibly low fee of 15% + VAT (18% total) on all successful claims. With a no win, no fee policy, [Cancellation charges may apply only if the claim is cancelled after the 14 days cooling off period. The fee would be based on the work done at the time of cancelling at a rate of £120 per hour and up to a maximum total of £180] we can start your claim today at no cost to you.