credit card refund for increasing credit limits

kram0808

had a phone call saying i could get a compensation for having my credit limit increased without my permission but wanted me to pay them 250 up front using my credit card which he assured me would be refunded, he told me his company name and an address and phone number but i refused to give information is this a scam

noh

is this a scam

Yes!.........................

System

Do you think that you should get compensation? If so why? You haven't been disadvantaged. All you need(ed) to do is call them and ask them to re-instate your previous limit.



YES IT IS A SCAM

dunstonh

is this a scam

Ditto above. It is a scam. They tell you this to try and get money out of you up front.

Other scam claims are:
1 - they represent the Government (or FSA or even the card provider)
2 - there is a pot of money waiting for you
3 - there has been a court case that requires them to refund (or laws changed)
4 - just having PPI is a reason for complaint (its not - it is a valid product to have when sold and set up correctly)

There are variations on the above that can sound plausible but are complete and utter BS. Many feel that it is similar to advance fee fraud. Some claims companies have had the police involved. However, the ministry of justice tends to prefer to shut them down once they have had enough complaints to make their radar (Cartel took over £30 million in up front fees off consumers before the MoJ shut them down)