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PPI Claim
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Dom67
Posts: 1 Newbie
Hi
Just recently been contacted....again by a company claiming that there is a strong likelyhood that we have been paying PPI/Insurance hidden within the interest charges of our credit cards/loans even though we can see no evidence of this in our paperwork - Can anyone advise is this is possible
Dom67
Just recently been contacted....again by a company claiming that there is a strong likelyhood that we have been paying PPI/Insurance hidden within the interest charges of our credit cards/loans even though we can see no evidence of this in our paperwork - Can anyone advise is this is possible
Dom67
0
Comments
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Can anyone advise is this is possible
No. Its a common scam line given by dodgy claims company sales reps to get people signed up to earn their commissions.
In is not possible to hide PPI in interest payments. Interest is interest. PPI is PPI. the two things are different and require explicit disclosure. On a credit card for example, you would have an entry for interest and and entry for PPI.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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