Plevin and PPI Quiz
Plevin and PPI Quiz
Test your knowledge on PPI (Payment Protection Insurance) and the nuances of Plevin cases with our comprehensive quiz. This quiz consists of 10 multiple-choice questions designed to assess your understanding of important concepts and terminology.
- Understand key definitions related to PPI.
- Learn about different types of Redress letters.
- Explore the limitations and requirements for filing Plevin cases.
What is PPI?
Insurance that covers your repayments if you are involved in an accident or sick.
Any Insurance paid for on a credit card or a loan.
Insurance only added to a loan
Insurance only added to a credit card
What Redress Letters are we looking for when running a plevin case.
Full Redress, Tipping Point, No Redress Letter and Rejected Redress Letter
Tipping Point and Full Redress Only
Tipping Point, Rejection and No Redress
Rejection and No Redress
What is a Tipping Point Redress
A Redress Letter refunding exactly 50% of the PPI Premiums
A Redress stating the Borrower might be entitled to a refund.
Any Redress Letter Refunding up to 50% of the PPI Premiums
A Redress Letter Refunding all of the PPI Premiums
What are the Limitation dates for Plevin
Case Must have started before 6th April 2006
Any Cases taken out after April 2006 must be finished by April 2012
If the Case is taken out before 6th April 2007 must continue beyond 6th April 2008.
There are no Limitation dates
What Information must we have to run a loan as a Plevin case.
Contract, Statements, Redress letter
Contract and Statements
Application and Statements
Only Contract
Only Statements
What information must we have to run a credit card as a Plevin case.
Contract, Statements and Redress Letters
Contract and Statements
Application and Statements
Only Contract
Only Statements
When Entering the Redress into a Plevin/PPI+ template do we include the tax on the refund?
Yes
No
When Entering Credit Card Statements - what type would be assigned to a Payment made at Argos?
Debited Charge - Other
Debited Interest
Credit
Advance
What's the difference between Debit and Credit?
There the same
Debit's increase the owed balance. Credit reduces the owed balance
Credit's decrease the owed balance while Credit's Increase the owed balance
What types would you assign if there was a bounce payments in the statements?
Label the Credit a "Credit" and Debit a "Debited charge other"
Leave both blank
Label the Credit "Credit" and leave the Debit "Blank"
Leave the Credit "Blank" and label the Debit "Debited charge other"
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