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PPI Bogus claim

I have been contacted by a company telling me that I have compensation of £3980 on a loan that I took out for £5000. I know that there was no PPI on the loan and wondered if there is somewhere that I can report this company too. They say I need to pay £230 fees to release the money via a UKASH purchase. I have 2 names and a telephone number. Any help would be appreciated

Comments

  • meer53
    meer53 Posts: 10,217 Forumite
    Tenth Anniversary 10,000 Posts Combo Breaker
    KOSH wrote: »
    I have been contacted by a company telling me that I have compensation of £3980 on a loan that I took out for £5000. I know that there was no PPI on the loan and wondered if there is somewhere that I can report this company too. They say I need to pay £230 fees to release the money via a UKASH purchase. I have 2 names and a telephone number. Any help would be appreciated

    Ignore them, it's a scam.
  • -taff
    -taff Posts: 15,585 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    scam

    If I phone you up to tell you I had a foolproof way to win the lottery but I needed 500 quid from you first before I told you, would you fall for that?
    Non me fac calcitrare tuum culi
  • dunstonh
    dunstonh Posts: 121,294 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    KOSH wrote: »
    I have been contacted by a company telling me that I have compensation of £3980 on a loan that I took out for £5000. I know that there was no PPI on the loan and wondered if there is somewhere that I can report this company too. They say I need to pay £230 fees to release the money via a UKASH purchase. I have 2 names and a telephone number. Any help would be appreciated

    It is advance fee fraud. Quite a common one. indeed, UKASH seems to be frequently used in these scams.

    Report it to Action Fraud.
    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.
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