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.

📨 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!

Please help I'm going round in circles!!

Thechiefy · 2019-02-25 16:00:34

So here's the situation 3k PPI Paid in November 2007 on a loan with Endeavour Personal Finance (Accounts owned by Endeavour are now HSBC) The secured loan was sold to us by Broker Ridge Ltd (No longer in existence) HSBC Say it's nothing to do with them as it was sold via a Broker The Financial Services Compensation Scheme…

Comments

Nasqueron Posts: 11,085 Forumite

25 February 2019 at 10:58PM

Thechiefy wrote: »

So just watched Martin on ITV and suddenly had the thought that I may be better going after HSBC on the Plevin rule, is my thought process correct??

No, because HSBC did not sell you anything, the broker did

As above, you have been advised already, talk to the FSCS as it was after 2005

Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0