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Mis-sold Mortgages

Can I trust a company called Claim Credit Services Ltd, based in Swansea they cold called me today, stating that they could get me back compensation on my mortgage some £33,000 there would be a fee of £495 plus VAT and they would require 10% of the claim which is fully refundable should I decide not to go ahead. As soon as they asked this alarm bells starting ringing. Is this a scam?

Comments

  • noh
    noh Posts: 5,827 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No you can't trust them.
    They will gain £495
    You will lose £495
  • dunstonh
    dunstonh Posts: 121,388 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Can I trust a company called Claim Credit Services Ltd, based in Swansea they cold called me today, stating that they could get me back compensation on my mortgage some £33,000 there would be a fee of £495 plus VAT and they would require 10% of the claim which is fully refundable should I decide not to go ahead. As soon as they asked this alarm bells starting ringing. Is this a scam?

    No you cant trust them and yes it is a scam.

    Look up advance fee fraud. (in summary, they entice you with some big pay off and you are so wrapped up in your greed for the payoff that you pay the smaller amount. By the time you realise it is a scam, they have long gone - or watch an episode of Hustle which used the same idea every week for many series).

    There are quite a few scams doing the rounds right now. Pensions have a fair few (such as getting a £1000 bonus or being able to cash them in). Mortgages have a fair few (and your call is the classic one).
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • roonaldo
    roonaldo Posts: 3,420 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Firstly, scam.
    Secondly, £33k compensation, what a load of !!!!!!!!!.
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