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Plevin and PPI Quiz

A professional and informative illustration depicting a person taking a quiz about Payment Protection Insurance and Plevin cases, with elements like financial documents, calculators, and question marks in a bright and engaging style.

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.

10 Questions2 MinutesCreated by UnderstandingChart27

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

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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