Hi
I have just found some old paperwork for a car loan i took out with Midland Bank in 1997 (now HSBC)..
As you can see from the photo - They charged me £959.29 for this "credit protection insurance loan".
Now seeing as the loan for the car was only £6000 - They charged me a sixth of the value of the loan for this insurance..
Credit protection insurance loan was £780 - and on top of that they charged £179.29 interest (total charge for credit).
Can someone tell me if this is part of the PPI story - and am i entitled to claim this back?
Should i goto HSBC direct - and save myself the fee PPI companies charge - or would i need to goto a PPI refund company to claim it back properly.
Any assistance would be appreciated!
Thanks
Steve
(p.s. I covered up my name and address in photo as advised by my friend - just in case!!)