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Mis-sold HSBC Business Protection Plan

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Hi,

 

I took out a HSBC Business Protection Plan when I took out a business loan. I now believe it was mis-sold as I was told it was compulsory and they wouldn't give me the loan without it. I'm hoping this is the same as PPI? and I am able to reclaim. Would really appreciate it if anyone knows of this product to let me know.

 

 

I'm one half of a partnership, not limited, and we both had to take a policy in order to get the loan.

 

 

Your help would be much appreciated.

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Was this a Keyman Policy ?, apparently they are different.

 

Do you have a copy of the agreement/terms and conditions ?

 

If not, you should send a Subject Access Request for all the data in respect of your financial relationship with the Bank.

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?387306-Full-Subject-Access-Request

 

If the account(s) were in joint names, then you might need your Partner's signature for this as well.

 

the Bank has 40 calendar days to supply the information requested and you will need to enclose the £10.00 statutory fee.

 

Send Recorded or Special Delivery and keep the tracking receipts.


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Hi, Thank you for the reply. I'm sorry I don't know if it a Keyman policy. Its a life cover policy that they said we had to take or we wouldn't get the loan. I will send them a Subject access request and take it from there. Thanks again.

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