HSBC mastercard Card repayment protection

MoneySaver123

Hi guys,

The other day I requested details from HSBCs website to see if I had PPI with them when I had a credit card. To my surprise they’ve sent me a letter today to say that I apparently had a policy from 2004 and that if I think I have been misold the policy (which I knew nothing about) I should write them a letter.

Do I just send a letter in layman’s terms or is there anything specific I should be saying? I had no idea I had the policy! Is this actually PPI?

Thanks for any advice!

[Deleted User]

MoneySaver123 wrote: »

Do I just send a letter in layman’s terms or is there anything specific I should be saying?

You should be explaining exactly what it was that you feel was wrong with the sale of this insurance to you.

MoneySaver123 wrote: »

I had no idea I had the policy!

All this means is that you never read your monthly statements in which the PPI would have been itemised separately and/or that you simply don't remember signing up for the policy

MoneySaver123 wrote: »

Is this actually PPI?

The Bank's letter apparently says it is, so why do you doubt this?

Nasqueron

Every month you had a balance you would have had a separate charge on the card for the PPI, saying you didn't know about it just means you didn't read your statements. However, if you paid off in full in every month you can have PPI but never pay any so you get no refund.


If you took it out in 2004 think of any reasons why it would be unsuitable at the time of sale (such as work benefits) else you probably won't get anywhere