“NatWest, Barclays, HSBC and Lloyds TSB customers, after losing the PPI court case all UK major banks are offering full refunds on all PPI policies. To get your full refund within 12 weeks press 5 or press 9 to be removed from our database. Start your claim now by pressing 5.”
If it was just one call a day, then I do not think that I would mind too much, but there appears to be a massive increase in unsolicited calls.
This biggest problem that I have is the they say that you will get a full refund within 12 weeks. Absolute garbage!! A few years ago, yes you could get a refund within that time period. However today you can expect to wait between 12 and 24 months.
You can also be pretty darn sure that many of these companies will charge you an upfront fee. My policy is either do it yourself or get a company to do it for you, that will only charge a commission on results.
Another thing to be aware of is that the majority of refunds are paid back to the original account, so if that account is in the red/overdrawn/outstanding balance you will not see some or all of the funds. You will still have to find the money to pay the company that got the money back for you, even though you did not physically receive the funds.
The other issue I have is that they will be gathering a lot of financial detail about you, this too is valuable to the company as it can be used further or sold on!
Click on links below to hear the calls:
Payment Protection Insurance Call 2 From 0845 2866837
Payment Protection Insurance Call 3 From 0843 2765510
Just to add to the list, here are some more that I recently received:
Hello, this is an urgent message regarding your outstanding refund. Records indicate your own claimed refund relates to borrowing you had in the last 10 years. Failure to ?? (Not sure what they said) could result in your claim being refused. to process your refund please press 5 now. If you have already had your refund please press 9 to opt out.
Hello, this is an urgent message about your payment protection policy. To enable us to process your refund please press 5 now. If you have already had your refund please press 9 to opt out. If not please press 5 to enable us to process a refund.
This Is Now Becoming Tiresome