Reclaim PPI From HSBC
HSBC And PPI
If you have had a loan mortgage or credit card with HSBC or it's HFC subsidiary then, you may well have been mis-sold PPI.
During 2016, HSBC as a group, set aside nearly £400 million to meet the cost of mis-sold PPI. Their total bill at that point was close to hitting £3.5 billion. It's estimated, that group sales of Payment Protection, totalled somewhere in the region of an astonishing 5.5 million policies.
HSBC, through it's branch network, sold Payment Protection Insurance on its range of loans, mortgages and credit cards, as did it's First Direct telephone and internet banking arm.
HFC on the other hand, through its network of branches all over the UK, tended to lend to people with poorer credit records. Staff, were heavily incentivised to sell PPI on both secured and unsecured personal loans. As well as trading under the HFC banner, they also operated under the names of Beneficial Bank and Household Bank.
Marbles was yet another well known trading name used by HFC. They offered credit cards, as well as loans. Launched back in 1999, it was one of the very first UK credit cards to operate online.
At Beat the Banks we are experts in recovering old records from the whole HSBC group. Using your full rights under the Data Protection Act 1998, we can normally retrieve original borrowing agreements, applications, statements and account notes. Unlike the rest, we don't guess. Our claims experts are all ex-bank lending managers too. Every single claim, no matter potentially how big or small receives exactly the same professional approach.
If you believe that you have been mis-sold PPi by HSBC or any it's extensive group and would like to know more, you can contact the Beat the Banks team on 01382 200474 or for free on 0800 193 1234.
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