HSBC PPI Claim
PPI Claim Form
Have you ever had PPI with HSBC?
If you answer "No" to any of the below questions, there's a very good chance HSBC mis-sold you PPI:
HSBC should not have added PPI to your agreement without your permission.
HSBC should have given you the unpressurised option of having PPI.
PPI would not have been needed from HSBC if you had pre-existing PPI cover elsewhere.
HSBC should have explained the cost of PPI to you at the point of sale.
If over 50% of your PPI premiums were paid in commission to HSBC and this was not explained to you, the "Plevin" ruling means you were mis-sold.
Again, HSBC should have given you the option of having PPI or not.
Your right to cancel PPI within the cooling off period should have been explained to you by HSBC.
To start your HSBC PPI claim, follow our simple 4 step guide above.
My Claim Solved have had great success in reclaiming PPI for customers against HSBC and so far we have reclaimed over £42m* for our clients in PPI mis-selling.
If you were mis-sold PPI by HSBC, and the claim is successful, you would be entitled to a full refund of PPI premiums you paid to HSBC, a full refund of interest charged and compensation interest at 8% per annum on the above sums.
Don't Delay! If you would like to start your PPI Claim against HSBC, complete the form at the top of this page.
* PPI refunds obtained through our claims service, amount is prior to our fees plus VAT and any income tax.
Many customers may have been mis-sold PPI (Payment Protection Insurance) by HSBC, PPI may have been attached to a customer's policy by HSBC, in some cases without their knowledge. HSBC may have disapproved a credit application if PPI was refused by the customer.
HSBC PPI wasn't all bad, it was intended to protect borrowers' from being unable to make repayments if they were unable to work due to illness or injury. The problem was how PPI was mis-sold by HSBC.
There are many examples of HSBC mis-selling PPI, some consumers were not even made aware by HSBC that PPI was added to their policy, and if the customer was made aware that PPI had been added, they were not advised by HSBC that it was optional.
A new PPI mis-selling factor called "Plevin", which means if over 50% of the PPI premiums you paid were set out as commission to HSBC, and this was not clarified to you at the point of sale, then you would be due compensation from HSBC.
HSBC (Hong Kong and Shanghai Banking Corporation) was established in Hong Kong, in 1865, by a Scotsman, Sir Thomas Sutherland, and in Shanghai but to a lesser extent. They opened their branches in England in 1836; firstly, in Birmingham by a young clerk, Charles Geach, and after followed their branches in London 1891 and 1898 when they acquired City Bank Limited and became one of the four largest banks in UK.
Throughout the years HSBC expanded in each of the world's major financial markets with America, Asia Pacific and Europe representing about a third of its business. As of 2014, according to Relsbank, HSBC was the fourth-largest bank in the world by assets, second largest in terms of revenues and the largest in terms of market value.
HSBC organises its customer facing activities within four business groups: commercial banking, global banking and markets, retail banking and wealth management and finally, global private banking.
In 1983, HSBC hexagon symbol was adopted in the first instance by the Hong Kong and Shanghai Banking Corporation and after in 1998, the group announced that the HSBC brand and the hexagon symbol would be adopted as the unified brand in all the markets where HSBC operates, thus enhancing recognition of the group and its values by customers, shareholders and staff throughout the world.
Since founded, HSBC is known for a conservative and risk-averse approach to business, a company tradition going back to 19th century. Throughout the years HSBC group had its problems; mainly on a technical management level, where it suffered a series of headline making incidents, with some customer data being allegedly leaked or simply went missing. Despite this, HSBC remains a noticeable presence in the world of banking, also handling the financial crisis of 2007-2010 better than any other global bank.