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.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 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!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

HSBC Graduate Loan - PPI reclaimable?

Hi,

Although I'm a little late to the party on PPI reclaims, while sorting through old paperwork I noticed on a statement from 2004 that I paid off a loan (only had a year or two to go) and had a PPI amount refundable.

I don't have all the details as yet as I'm waiting for HSBC to get back to me. My thoughts are that this was a graduate loan taken out before I was employed. I didn't realise that I would be paying an upfront PPI on the loan, but i'm not sure if this is reclaimable as if I was a student / unemployed when the loan was taken out and therefore PPI could have been useful...

any thoughts?

Thanks!

Comments

  • [Deleted User]
    [Deleted User] Posts: 26,612 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    antcav wrote: »
    I don't have all the details as yet as I'm waiting for HSBC to get back to me.
    Post them up when you do. If you were indeed not employed when the PPI was taken out, the PPI would have been useless to you...
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
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K 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.