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  • FIRST POST
    • andy_geo
    • By andy_geo 14th Apr 18, 8:47 PM
    • 1Posts
    • 0Thanks
    andy_geo
    HSBC credit card PPI
    • #1
    • 14th Apr 18, 8:47 PM
    HSBC credit card PPI 14th Apr 18 at 8:47 PM
    Hi-
    I had an HSBC credit card from 1998 to 2011.
    I read in other posts that people who opened a credit card the same period had PPI on it

    I was able to find some statements from as far back as 2004 but I can't see any reference to PPI on them.

    Would that be included in the interest charge ?
    Should there be a separate charge for PPI?
    Is there anything else to look for on the statement that indicates PPI?

    Any advise would be appreciated.
    - Andy
Page 1
    • zx81
    • By zx81 14th Apr 18, 8:53 PM
    • 18,073 Posts
    • 19,291 Thanks
    zx81
    • #2
    • 14th Apr 18, 8:53 PM
    • #2
    • 14th Apr 18, 8:53 PM
    You didn't have PPI.

    It would show on the statement. Hiding it in the interest is an claims company myth.
    • dunstonh
    • By dunstonh 14th Apr 18, 8:54 PM
    • 93,923 Posts
    • 61,706 Thanks
    dunstonh
    • #3
    • 14th Apr 18, 8:54 PM
    • #3
    • 14th Apr 18, 8:54 PM
    I read in other posts that people who opened a credit card the same period had PPI on it
    But the majority would not have done. you should really be saying "some".

    I was able to find some statements from as far back as 2004 but I can't see any reference to PPI on them.
    That makes you the same as the majority of people.

    Would that be included in the interest charge ?
    No. Interest is interest. PPI is PPI. Neither can be each other.

    Should there be a separate charge for PPI?
    If you had it, yes.
    If you didnt have it, no.

    Is there anything else to look for on the statement that indicates PPI?
    No, Just the entry that increases your balance with the PPI payment.

    Any advise would be appreciated.
    Doesnt sound like you have it
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • societys child
    • By societys child 14th Apr 18, 9:00 PM
    • 5,268 Posts
    • 5,835 Thanks
    societys child
    • #4
    • 14th Apr 18, 9:00 PM
    • #4
    • 14th Apr 18, 9:00 PM
    Is there anything else to look for on the statement that indicates PPI?
    If it was charged, it would be itemised clearly, on a separate line on the monthly statement(s). It would be difficult to miss.

    It can't be "hidden" in the interest, nothing would add up correctly . . .

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