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Claim for PPI again ?
HJ156
Posts: 2 Newbie
Would like some advice regarding PPI claim .
Contacted HSBC in 2013 regarding PPI cover taken out in 2005 when applying for mortgage.
HSBC rejected claim sending paperwork which I had signed during application process.
PPI cover had not been fully explained to me during mortgage application and I did not realise for approx 6 years I could use alternative cover .
Due to difficult personal circumstances I did not contact ombudsman until 2015 - further paperwork was sent to me which again I unfortunately did not complete due to similar personal circumstances .
Today I have read about the plevin rule and completed forms and sent to HSBC.
Is it possible this will be successful?
Should I have made another claim explaining reasons why I did not respond within time limit of the initial rejection letter. Would this have been accepted ?
Am frustrated that I did not respond in time , as I do feel the PPI cover was not explained properly and I would have had a case .
Contacted HSBC in 2013 regarding PPI cover taken out in 2005 when applying for mortgage.
HSBC rejected claim sending paperwork which I had signed during application process.
PPI cover had not been fully explained to me during mortgage application and I did not realise for approx 6 years I could use alternative cover .
Due to difficult personal circumstances I did not contact ombudsman until 2015 - further paperwork was sent to me which again I unfortunately did not complete due to similar personal circumstances .
Today I have read about the plevin rule and completed forms and sent to HSBC.
Is it possible this will be successful?
Should I have made another claim explaining reasons why I did not respond within time limit of the initial rejection letter. Would this have been accepted ?
Am frustrated that I did not respond in time , as I do feel the PPI cover was not explained properly and I would have had a case .
0
Comments
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its a he said is said situation and no proof as to them not explaining things properly wont help.
Sorrymake the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Had thought as much , I have spoken to ombudsman today , they advised to try .
I then read about plevin which I understand can be used to claim even if claim has been rejected before.0 -
I then read about plevin which I understand can be used to claim even if claim has been rejected before.
Plevin ONLY applies to rejected complaints.Is it possible this will be successful?
Whilst MPPI commission is generally lower than the tipping point for Plevin, most of the banks entered into a profitshare arrangement with the insurers. The FCA instructed them to take profitshare into account and its that which is taking most of the bank ones above the tipping point.Am frustrated that I did not respond in time , as I do feel the PPI cover was not explained properly and I would have had a case .
Most MPPI complaints are rejected and it doesnt appear you had a strong compaint reason. So, I wouldnt be too worried about it.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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