HSBC Loan PPI mis-sold

robert_harper_2000

Hello

I have been trying in vain to get my useless insurance refunded. I wrote the template that has been going around explaining insurance was mis-sold.

Not sure if this counts but bascially I am saying my insuranace was mis-sold as it is no good to me due to the fact I work at my fathers business and live at home. This means I won't be made unemployed & won't lose my home.

The template letter suggested you need to be self-employed etc.

What angle should I continue? The replys have been that there is no evidence of mis-selling. Should I say it is mis-sold as it is no good and explain I was to continue to any appeals process?

Help guys PLEAASE this is worth £600 a lot of money.

Rafter

Robert,

Just because you are employed by your dad, doesn't mean you can't be made redundant.

Home ownership doesn't come into it.

Your miselling claim can only be if you don't qualify (which you do) you weren't made aware of the cost, or if the loan was conditional on taking the PPI which is frowned upon by the regulator.

If you credit file is good, could you not cancel this loan, get a refund for the unused bit of the PPI and go elsewhere?

If you loan is more than 1/2 way through though, the refund won't amount to much.

Good luck.

R.

robert_harper_2000

Well actually if they had explained the PPI properly and not gave the impression it was part of the loan. Also explaining that the cost were £600 on a £3000 loan and said how it would only affect you if you were made unemlpoyed ( which I know I won't be ) or if I had finiacial difficulties ie rent etc well I wouldn't have taken it.

It was mis-sold.
Thanks