Mis-sold credit card

Thrugelmir

Sidders66 said:

BakingC said:

I think take the £100 and try and find the spare £30 difference in your budget to make up the 2.5% payment at least the 100 will give you 3 months of breathing room. I doubt the ombudsman would give any more as you haven't sustained any financial loss as a result of their mistake (apart from maybe any balance transfer fee if you wouldn't have transferred if you knew the 2.5%). 

Have you got a detailed budget in place and are following it? Seems worrying that you have this cc debt but can only afford 1% max payments.

Also not sure if they are still offering it but natwest balance transfer card is 1% minimum payment so in a few months you might be able to apply for that. 

I think this thread has got confused with what I can/ can’t afford and that is not the (main) issue here. I’ve been missold a product. It is this element that I’m interested in and how the problem may be resolved when put before an ombudsman. 

You need to consider whether you'll ever have need of a relationship with HSBC in any form in the future. Burning ones bridges springs to mind. Of course HSBC could always reverse the transfer. If you believe the product misold thereby putting you back in the position you were before. Maintaining the status quo.  Where would that leave you?