Property News · May 5, 2012

The hidden costs of 'free' PPI awards


If you were mis-sold payment protection insurance, firms are desperate for a slice of your compensationIt’s free money, and all you have to do is press “yes” to claim – or so say the millions of spam messages that hit mobile phones almost daily. “It’s important! Our records indicate you may be entitled to £3,450 from mis-sold loan insurance! To claim reply YES to this message. Thank you!” Or “Urgent! If you took out a bank loan prior to 2007 then you are almost certainly entitled to £2,300 in compensation.”What the messages don’t tell you is that the claims company will rake off about a third of any “winnings”. And nor do they tell you that you can just as easily do it yourself, without having to pay a middleman. Continue reading…

Source : theguardian.com
Read more…The hidden costs of ‘free’ PPI awards

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