HSBC Credit Card PPI - Questions and Advice

Perplexedman

I'm new to the forum and was wondering if anyone could give me some help & advice about the PPI I was advised to take out on my HSBC credit card in the mid 90's. (When I say advised, it was by a member of staff at my local bank).

When I took it out, I was under the impression it would pay the minium payment if I was unable to work and make payments on the Credit Card for a lengthy period.

Now here comes the crunch.

I actually did have a period starting in 2001 where I could not work for a long time due to a spell of depression and anxiety, but I never used the PPI. I had actually forgotten that I had taken it out and was remined that I had whilst talking to someone from HSBC on the phone. They said that I could use the PPI ONLY if I was claiming benefits which I wasn't at the time, and never have done so left it at that.

Whilst I can't find the terms and conditions of my PPI, I was wondering if I could make a retrospective claim to get some money back for that period I was unable to work? After all I have paid (and stupidly am still paying) into a scheme that was supposed to offer me protection if I was unable to work and make payments on the card. I do want to cancel it, but am worried I might loose the right to make a retrospective claim if that's actually possible.

_Andy_

Give the provider a call and they will confirm if they will pay out.

Perplexedman

Yes, might well do that but am also wondering if a letter might be better.

Perplexedman

As I was (or least think I was) mis sold PPI, would it be worth a shot using a PPI letter template from MSE?

Perplexedman

Just bumping this up.

Anymore advice would be appreciated.

I'm thinking about cancelling the PPI first as I don't want to be paying it anymore and have already drafted a letter.