PPI Claims on CC's obtained overseas

douglasmike

I am a British citizen recently returned to Uk after spending 13 years living, working (and banking) in the United Arab Emirates.

During my time there I applied for and was issued a total of four credit cards (visa and mastercard) each with fairly large credit limits on each (HSBC Bank and other banks).

I paid off all cards in full before leaving the UAE and now bank with HSBC in the UK. I have only now discovered that every month I paid a very substantial PPI insurance charge on each card. The general impression given to all customers applying for CC's in that country (by all banks operating there) is that assorted monthly charges are all compulsory.

My first and I suppose crucial question before going any further with this is a fairly simple one that I perhaps ought to know the answer to but don't and can't find it.....ie is it possible for a British citizen to make a mis-sold PPI claim against HSBC (or other banks with operations in both the UAE and Uk) here in the Uk when the credit cards concerned were all applied for and issued while living in the United Arab Emirates on residence visas?

I'd prefer to find out the answer to this without actually registering with any PPI claims agency as I might be able to do whatever is possible re claims myself.

Anyone know the answer or have any actual experience of anything comparable? Many thanks in advance.

dunstonh

PPI is a UK regulator issue.

If you have a card that is not under UK regulation then the PPI issue does not apply to you.

douglasmike

Thanks. The banks in UAE such as HSBC, before issuing you with a credit card or a personal loan, insist that if you are a British citizen you sign documents authorising them to recover any unpaid credit card debts from you in Uk.

They take and check all details of your home, bank etc in Uk and pursue you through the courts in Uk if you default. They claim that all bank debts incurred by Uk citizens whilst in UAE are subject to Uk laws and regulations.

I'm wondering if that is in any way relevant towards rendering them similarly liable to the person taking the loan/card from them.

What do you think?

dunstonh

I'm wondering if that is in any way relevant towards rendering them similarly liable to the person taking the loan/card from them.

Not unless the products are issued in the UK and fall under the remit of the financial conduct authority.

douglasmike

Ok, I don't think there is any way I can crowbar the situation into meeting that description. Thanks very much.