MNBA account charges & PPI?

[hsbcfiddled]

Can anyone please advise what these are?

Special cash interest

Posted Credit insurance fee

Posted retail interest

all the above were applied between 2005 and April 2008

 

Then from May 2008 all the above disappeared and the following were applied

Finance charge

Payment Protection Cover

 

Am I right in thinking PPC (or PPI) was Posted Credit insurance?

Which of the above are reclaimable please?

[ken100464]

Hello there.

 

If you have obtained a transaction log off MBNA then you are correct posted credit insurance fee and payment protection cover are PPI.

 

All the others are just interest rates on purchases or cash depending on what you were doing at the time. These are normal interest and are not reclaimable unless you are after a hardship type claim. But seeing as its 2008 and before the bank will just no way to that.

 

Good luck with your PPI though

[hsbcfiddled]

Thank you.. but if PPI hadnt been charged then possibly other charges would not have accrued?

Edited January 23, 2014 by hsbcfiddled
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[ken100464]

If you have penalty charges (overlimits, late charges) that you can prove would not have happened if the PPI wasnt there then I would attempt it either as your PPI claim or a stand alone claim.

 

But those charges above you have listed are normal interest with the exception of two I mentioned.

 

The special cash interest is the interest rate applied to cash advances you made on the card.