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Hsbc ppi successes stories etc
chrismargrett
Posts: 8 Forumite
Hi, Im new to all this, but about 2 months ago I made a claim for PPI to HSBC, I got a letter back today stating they are offering me £232 but they do not accept the allegations I made of mis selling but are prepared to settle the complaint.
But the original figure with the loan was £290.16 and this loan was took out 6 years ago. The figures in the letter are as follows
Original Loan protection premium £290.16
Term of Loan 24 Months
APR of Loan 16.9%
PPI Premium Redress £146
Plus taxable interest at 8% £75
Plus early repayment costs inlcuding 8% interest £11
OFFER £232
Is this HSBC trying to "fob" me off with a reduced figure although im entitled to more? Have they tried this tactic with others?
BAring in mind I defaulted on the loan and it was passed to a collection agency, but I did eventually pay back the amount through the collection agency. Whether that is relevant Im not sure, any help would be appreciated. Thank you
But the original figure with the loan was £290.16 and this loan was took out 6 years ago. The figures in the letter are as follows
Original Loan protection premium £290.16
Term of Loan 24 Months
APR of Loan 16.9%
PPI Premium Redress £146
Plus taxable interest at 8% £75
Plus early repayment costs inlcuding 8% interest £11
OFFER £232
Is this HSBC trying to "fob" me off with a reduced figure although im entitled to more? Have they tried this tactic with others?
BAring in mind I defaulted on the loan and it was passed to a collection agency, but I did eventually pay back the amount through the collection agency. Whether that is relevant Im not sure, any help would be appreciated. Thank you
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Comments
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Did you settle the loan early?0
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I defaulted on the loan approx 6 months after taking it out. This debt plus the interest of missed payments was passed onto a debt collection agency, which I then paid off over a few years etc. Whether this is relevant Im not sure
its relevant as it indicates that you never paid the full PPI premium.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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