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Mark_72
Posts: 1 Newbie
Hi!
This is a very general and probably elementary question but I'm really not sure where to start with looking into a claim or how to find out if I have grounds for one.
I've been with HSBC for probably 20+ years, and over that time have had 3 mortgages, loans, a credit card... but I have no recollection of the inclusion of any PPI.
The credit card was closed down about 10 years ago and I no longer have the card or account details. The same applies to earlier loans.
It seems a lot of the cases I'm reading have specific information and grounds for complaint on a particular account, but without this knowledge is it feasible that HSBC would be able to resurrect the relevant information from my records?
I'm thinking it might well be a non starter but wanted to check all the same!
Cheers!
Mark
This is a very general and probably elementary question but I'm really not sure where to start with looking into a claim or how to find out if I have grounds for one.
I've been with HSBC for probably 20+ years, and over that time have had 3 mortgages, loans, a credit card... but I have no recollection of the inclusion of any PPI.
The credit card was closed down about 10 years ago and I no longer have the card or account details. The same applies to earlier loans.
It seems a lot of the cases I'm reading have specific information and grounds for complaint on a particular account, but without this knowledge is it feasible that HSBC would be able to resurrect the relevant information from my records?
I'm thinking it might well be a non starter but wanted to check all the same!
Cheers!
Mark
0
Comments
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The first thing to remember is that most people did not buy PPI. Those that did buy it tended to buy it multiple times. The second thing is that there is nothing wrong with having PPI. Some types you can still buy today (mainly mortgage and standalone).
Credit card PPI is easy to spot. It appears on the statement every month you pay it. You are only charged it if you borrow on the card outside of the interest free period (so if you pay in full each month you wouldnt pay PPi even if you had it on the account)
Mortgage PPI is another type that is easy to spot. Most MPPI is regular direct debit standalone from the mortgage. Its one fo the reasons most MPPI complaints fail as its not built into the debt and charged up front.
Loan PPI is an area where most PPI complaints succeed.
The only way to find out if you had PPI is to ask HSBC. Then if they say yes, you will need to consider your complaint reasons.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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