If you have taken out a mortgage, loan or credit card in the last few decades then there is a great chance that you have been mis-sold PPI and have a genuine HSBC PPI Claim.
For many years now HSBC and many other financial institutions have mis-sold PPI on a large scale. They quickly discovered the profitability of selling such products and did whatever necessary to ensure that customers were purchasing PPI with their financial products, whether they knew about it or not. Initially the insurance was designed to protect the repayments should the policy holder fall ill or lose their job.
By choosing PPI Return we can answer all questions you might have, whilst guiding you through each step of the HSBC PPI claim back process. We can quickly and efficiently assess whether you have been mis-sold and find how much you could be owed.
The HSBC PPI Claim Process
HSBC, like most other financial institutions that were guilty of mis-selling PPI, have outlined that they are keen to make all HSBC PPI claim backs as efficient as possible.
There has been a large pot set aside for those who have been mis-sold the insurance and wish to carry out a HSBC PPI claim. They have claimed that they are keen to settle all claims as quickly as possible, and if you have a valid claim against them then you should receive a PPI refund from HSBC without too much delay.
Is it Free to Make a HSBC PPI Claim?
If you’re not using PPI Refund, then you’re well within your rights to proceed with a free HSBC PPI claim on your own, however when doing this it might be difficult, especially if the particulars of your case are especially complex.
Making a HSBC PPI Claim
Before you do anything you need to fill out a HSBC PPI claim form, which you can easily download from Financial Ombudsman Service website.
The HSBC PPI claim form is standard for all financial services in the industry, and as such it makes it much easier to make a HSBC PPI claim. Whilst it is straight forward to make a claim against them, it is down to the individual to ensure that they make it hard for the banks to reject their claims by providing as much information as possible and in as much detail as possible.
Instead of writing out a standard letter, which could mean gaps in important information, HSBC PPI claims use the standard questionnaire so you’ll only need to send them the information once and it saves them writing to you for additional information.
What Makes a Successful HSBC PPI Claim?
When completing your HSBC PPI claim form, you must ask yourself some questions on why you believe you were mis-sold PPI in the first instance. There’s no point in submitting a complaint without a good reason.
If any of the following things applied to you then you could well be entitled to make a HSBC PPI claim.
- Did you believe that the PPI tick box was already ticked on your application form?
- Did you have another source of income or insurance that would cover your policy repayments in the event of sickness or redundancy?
- Were you self-employed, unemployed or working under a certain number of hours?
- Were you under 18 or over 65?
- Did you have any pre-existing medical condition?
To ascertain whether you have a valid HSBC PPI claim then visit our free check page and let us proceed with your claim.