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Jezzaa

Want to take HSBC to Court

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HSBC wrote wanting more time to deal with my PPI complaint.

I responded with a letter giving them 14 days more or would I would take further action.

Received another fob off letter today i.e BBA, implications, will keep u informed of court case etc.:mad2::mad2::mad2:

I fully intend to carry out the court action.

The PPI was on a loan that has one last payment outstaning. I am Self employed

 

Any advice on the wording of the claim form ?

Help would be appreciated

Thanks

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PPI claims have different criteria so you need to say why you think it was missold.

The POCS will have to suit that.


Have a happy and prosperous 2013 by avoiiding Payday loans. If you are sent a private message directing you for advice or support with your issues to another website,this is your choice.Before you decide,consider the users here who have already offered help and support.

Advice offered by Martin3030 is not supported by any legal training or qualification.Members are advised to use the services of fully insured legal professionals when needed.

 

 

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Thanks for the prompt response Martin.

I was unemployed when I took out the policy. The loan was to be used to set up a business on a self employed basis.

HSBC were well aware of my situation at the time.

Would this meet the mis sold criteria ?

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Can anyone tell me Where can I find POCs for my situation Please ?

Would like to put claim with MOC on Wednesday.

Want to get it right 1st time.

Thanks

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Bumping

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pers i'd go to the FOS

if you have the agreement 9/10 they will tell the OC to cough.

and the FOS adjudicators decision is legally binding.

 

however, be aware that they are sadly right in what they are saying as such.

it will be stayed.

 

if it goes to the FOS and the adjudicator rules in your favour, they cant not pay.

 

thats what the FOS adj told me yesterday.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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The claim for refund was in August.

Can I ask HSBC to justify WHY this claim would be on hold ?

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well if its been that long then why have you not already gone to the fos after 8 weeks of no joy?

 

if they are saying they are not processing ppi claims then there is little you can do other than the fos IMHO

not worth the bother, they'll just stall you longer.

the fos can make them cough

a court case from you might not.

 

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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FOS took 18mths to uphold with Lloyds PPI. Wanted to avoid the wait !!

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they appear a bit sharper now.

certainly where a valid agreement exists.

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Good luck with this, HSBC will fight you all the way.

 

I have done the AQ and its with the court. Just waiting for allocation now.

 

I had suspende mine as the FOS came back to me after 6 months and looked at it only to quote a load of incorrect information and then find in HSBCs favour:!:. I did appeal, but this is still going on, so i reinstated the court claim.


HSBC - Pre Lim sent 12-12-06, LBA sent 27-12-06, reissued 5-1-07. Part offer rejected 17-1-07, MCOL 19-1-07, AQ - 21-2-07. Settled

Nationwide - S.A.R. sent 13-12-06, Pre lim sent 5-1-07, LBA sent 19-1-07, MCOL 2-2-07, WON 22-2-07.

Capital One - S.A.R. sent 13-12-06, Pre lim sent 17-1-07, LBA sent. Settled

MBNA - S.A.R. sent 13-12-06, Offer rejected 19-1-07, Pre Lim 19-1-07, LBA sent, Setteled 21-2-07.

MBNA Loan PPI - Pre lim sent 19-2-10, Settled.

MBNA CC PPI - Pre lim sent 19-2-10, WON 2-7-10.

HSBC PPI - Pre lim sent 19-2-10, with Court

EGG PPI - Pre lim sent 19-2-10, FOS upheld 3-7-10

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Hi,

 

Am going the Small Claims route with Amex so will add any input to help.

 

Regards...


Please note: I have no formal qualifications in this area and any advice offered is given in good faith. :)

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FOS say my case should not be on hold.

 

So Giving HSBC one last try with proof letter from DWP as to my Unemployed Status at the time of the Loan and PPI.

Awaiting their reaction !

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Forwarded all Info from DWP re Unemployed at time loan and PPI taken out.

Spoke to HSBC today they are offering a refund The letters in the post !!

 

Could anyone check for me roughly what the offer should be?

I do have all the loan info

 

Thanks

Edited by Jezzaa
typo error

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well we're not telepathic ;;you'll have to post it up

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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sorry dx Thanks for your reply ,just asked because its very quite on here

Fixed sum Loan £4,500 May 06

PPI £ 900

50mths APR 14.9%

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if that £900 is inc the cash price int charged on the ppi

 

then divide it by 50

 

that will give you the PCM for the PPI

 

then just add 8% stat from the date EACH month it was paid to today.

 

using:

http://www.egalegal.com/compoundWindow.html

 

rests=12

360 days

 

or use one of the spreadsheets from the stickies

 

dx


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

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Thanks for your help

Will calc now to compare with HSBC when the offer arrives.

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