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Hidden Mortgage Insurance
MMc
Posts: 1 Newbie
I have never had a stand alone PPI policy to claim against but I have been approached by a claims company called Ifonic who claim that major lenders have admitted in court to 'Tying insurance into the interest rate'. So, merely by having a loan or mortgage is grounds for a claim.
Has anyone heard of this or pursued a claim on these grounds??
Please provide any information that may enlighten me.
Thanks
Has anyone heard of this or pursued a claim on these grounds??
Please provide any information that may enlighten me.
Thanks
0
Comments
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I have been approached by a claims company called Ifonic who claim that major lenders have admitted in court to 'Tying insurance into the interest rate'.
The lenders have admitted no such thing. There has been no court case and what they claim is not actually technically possible.
This cold calling company are known on the web for making these scam calls.Has anyone heard of this or pursued a claim on these grounds??
its bogus. If you had continued the call with them, they would have got round to telling you they had an up front fee to pay to allow you to claim this money. It is advance fee fraud. They tell a lie giving you hope of some big pay off to appeal to your greed and then hit you with a smaller up front payment which many people will pay as they are focused on the big pay off.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.0 -
Yep, spot on post by Dunstonh.
£99 in this case (which you won't ever see again)
http://ifonic.info/agreement0 -
£99 per loan or credit card in this case!
Nice professional site with a .info domain there.0 -
A good giveaway as well is that it is based on Swansea. The cold call scam capital of the UK.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.0
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Please report the matter to consumer@claimsregulation.gov.uk0
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