We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

PPI reclaim HSBC

Hi there,
My husband is part of HM Forces and took out a Personal Loan with HSBC in 2005. He was sold PPI despite the fact that as military his monthly income is guaranteed so there is no chance of him defaulting on the repayments. The loan has now been repaid in full this month, can we claim back PPI ?

Comments

  • di3004
    di3004 Posts: 42,579 Forumite
    frogaline wrote: »
    Hi there,
    My husband is part of HM Forces and took out a Personal Loan with HSBC in 2005. He was sold PPI despite the fact that as military his monthly income is guaranteed so there is no chance of him defaulting on the repayments. The loan has now been repaid in full this month, can we claim back PPI ?

    Hi and welcome

    It seems there is a good case here to reclaim, and yes go for it, it makes no diffence at all if still active or paid off, apart from the fact that your hubby should receive all the PPI owed to him, interest and also request for the 8% interest of what a court would award also for being deprived of his money.

    Here below is a useful link with info with guidelines of reclaiming, templates and so on, they have 8 weeks in full to respond.
    http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

    Good luck, please ask for help anytime and please keep us posted, cheers.:)

    Di
    The one and only "Dizzy Di" :D
  • You shouldnt have a problem. We recently had success claiming back from HSBC. Best of luck!
  • di3004
    di3004 Posts: 42,579 Forumite
    You shouldnt have a problem. We recently had success claiming back from HSBC. Best of luck!

    Well done to you.:beer::T:beer:;)
    The one and only "Dizzy Di" :D
  • turbo.jet
    turbo.jet Posts: 549 Forumite
    How did you get on with your claim?
    December 2005 TOTAL DEBT at its worst - [STRIKE]£20,596[/STRIKE]
    LBM - March 2008
    Finally Debt Free - October 6th, 2011 :beer:
    Now a committed saver!!!!
    Sealed Pot Challenge member since October 4th, 2011. Member
    number 1415
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.