Consumers continue to be lured into PPI scams
Despite the many warnings by police and other authorities, it has emerged the consumers continue to be lured into Payment Protection Insurance (PPI) scams. With thousands of people across the nation having been missold PPI over the past decade, fraudulent companies have taken the opportunity to attempt to con people out of money. It has now been revealed that a couple from Carshalton lost more than £3,000 in the latest scam.
Like many other cases, the couple were approached by a bogus company, which said that they could claim back £3,690 in missold PPI compensation. An advance payment of £369 was needed, with the couple giving out Ukash voucher codes over the phone. With the fraudsters saying that they would be able to gain a higher compensation package for more administrative charges, the couple continued to pay more Ukash vouchers, with the total payment amounting to £3,314.
When police were called to the case, they found that the Ukash vouchers had been used on gambling sites, and the couple had no means of reclaiming their money. Detective Constable Mark Turner revealed that those seeking missold PPI compensation must do so through legitimate and professional firms, rather than being persuaded to part with cash because of cold callers. He also warned against giving up front fees, saying that most companies would offer a no win, no fee payment model so that people ensured they were not losing more cash.