PPI/Plevin Quiz

A detailed and vibrant illustration depicting Payment Protection Insurance concepts, including documents, calculators, and financial charts, with clear visuals representing PPI and Plevin cases.

PPI/Plevin Quiz

Test your knowledge on Payment Protection Insurance (PPI) and the Plevin case with this comprehensive quiz. Understand the intricacies of redress letters, limitation dates, and the essential information required to run your cases effectively.

10 multiple-choice questions
Evaluate your understanding of PPI and Plevin
Ideal for beginners and those with some knowledge

10 Questions2 MinutesCreated by ClarifyingClaim84

What is PPI?

Any Insurance paid for on a credit card or loan

Insurance that covers your payments if you are involved in an accident or sick.

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?

Tipping Point and Full Redress Only

Tipping Point, Rejection and No Redress

Full Redress, Tipping Point, Rejected, No Redress

Rejected and No Redress Only

What is a Tipping Point Redress?

A Redress Letter stating the Borrower may be entitled to a refund

Any Redress Letter refunding up to 50% of the PPI Premiums

A Redress Letter refunding exactly 50% of the PPI Premiums

A Redress Letter refunding all of the PPI Premiums

What are the limitation date for Plevin?

Case must have started before 6th April 2007

If the Case is taken out before 6th April 2007, it must continue beyond 6th April 2008

Any Case take out after 6th April 2007 must be finished by 6th April 2012

There are no limitation dates

What information must we have to run a loan as a Plevin case?

What information must we have to run a credit card as a Plevin case?

Which of these is NOT a type on the details sheet?

Debited Charge - Refund

Debited Charge - Late Payment

Advance

Credit

When entering Credit Card statements, what type would be assigned to a payment made at Argos?

Debited Charge - Other

Debited Interest

Credit

Advance

What is the difference between Debit and Credit?

They're the same

Debits increases the owed balance. Credit reduces the owed balance

Credits increase the owed balance. Debits reduces the owed balance.

What types would you assign if there was a bounce payment in the statements?

Label the Credit as "Credit" and leave the Debit blank

Label the Credit as "Credit" and Debit as "Debited Charge - Other"

Leave both blank

Leave the Credit blank and label the Debit as "Debited Charge - Other"

PPI/Plevin Quiz

PPI/Plevin Quiz

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