HSBC PPI fund set for £278m addition

With Lloyds, RBS and Barclays recently setting aside more compensation for their part in the mis-selling scandal, it comes as no surprise that HSBC‘s bad reputation has taken another hit with their similar announcement.

In little over a week the total compensation pot has seen a huge £1.828 BILLION being added to it, just by the ‘big four’.

Indeed, the HSBC PPI fund has seen an addition of £278 MILLION, following increases throughout 2014 of £445 MILLION.

The latest addition takes HSBC‘s overall PPI bill, which also covers HFC and First Direct, closer to the £3 BILLION mark.

Troubled times

At a time when the bank is possibly at an all time low when it comes to customer trust, following the foreign exchange scandal, mortgage mis-selling and the more recent alleged assistance of their most wealthy clients in avoiding paying tax, the news about having to top up the HSBC PPI fund was probably not what the doctor ordered.

HSBC are not alone when it comes to scandals unfortunately, with most UK banks being found guilty of various fixing, manipulation and general malpractice, it’s starting to become difficult to think of a product sold by our banks that has not been mis-sold in order to generate obscene profits.

Making a HSBC PPI Claim

Not sure whether you’ve been sold PPI? Our fast and comprehensive checking systems that have been set up with almost all banks, including HSBC, allows you to find out whether you’ve been one of the millions who have had PPI.

Not sure whether you qualify? Check here to see whether you may.

Want to know how much you may be owed? Why not try our PPI calculator.

If you have had a loan, mortgage or credit card within the last 25 years there’s every chance you’ll have been paying for PPI.

We’ve made claiming easy, taking the stress out of you having to deal with the paperwork, the stress, and the tactics employed by the bank to try and wriggle out of paying.

So….how do you start your claim?

#1: The first option for you is to fill in the form which can be seen on every page. By doing so, we will send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we send you with your form, we can make a start on your PPI claim.

#2: The second option for you is to download our form, which again can be found on every page by clicking the ‘download pack’ button. Simply print it out, complete it and send it back to us, our address can be found here. Once we receive is back we’ll let you know and make a start.

Our team of experts are on hand to answer any questions you have via telephone, email or our live chat facility.

So….why wait, let’s get started!

HSBC PPI fund up £278m