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PPI Scam Alerts

Alert message sent 25/09/2017 10:09:00

Information sent on behalf of West Mids Police

Fraudsters are posing as officials or professionals from the Financial Conduct Authority (FCA) and are cold calling customers stating that they are eligible for a PPI claim. They also use text messages to convince the intended victims that their PPI claim is legitimate, when in fact this may not be the case. The fraudsters tell you how much PPI you can claim back but emphasise that an advance fee payment is required in order to make the claim successful. There may be an increase in these types of frauds following the FCA announcement and new campaign urging people to make a decision about making a PPI complaint before the deadline on 29th August 2019. If you use a third party organisation to assist with your claim, you can check to see if they are legitimate by carrying out independent research on the company, as well as checking the FCA’s website for the company’s details, as they regulate the financial services industry.
Message sent by
Andrew Hollies (Police,Police Officer,Sandwell, Partnerships)

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