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Why do they keep calling me?

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Can someone please explain why all these PPI claims firms keep on phoning me about my being owed compensation or making a PPI claim?
I have never bought PPI - I always thought it was terrible value and always refused it.
How can any of these firms make any money from me? Are they hoping the banks, CC whatever dont have the records to know I never had PPI?
Is it snouts in the trough or what? I'm Confused

Comments

  • dunstonh
    dunstonh Posts: 119,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Why do they keep calling me?

    That is what scammers and aggressive marketers do.
    How can any of these firms make any money from me?

    They only need around 1 in 20 to sign up. Phone call is cheap. What they take from people is not.
    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.
  • DigForVictory
    DigForVictory Posts: 12,053 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The idiots chasing me stopped when I interrupted their script & asked what was their percentage.
    33%.
    I laughed like a drain & they haven't called back since.
  • magpiecottage
    magpiecottage Posts: 9,241 Forumite
    1,000 Posts Combo Breaker
    EMC Advisory Services Limited, trading as EMCAS was fined last year. See here.

    So you can complain to the Information Commissioner - or to the claims company. If you do the latter, they must give a satisfactory response or you can complain to the Legal Ombudsman.
  • Insider101
    Insider101 Posts: 1,062 Forumite
    Can someone please explain why all these PPI claims firms keep on phoning me about my being owed compensation or making a PPI claim?
    I have never bought PPI - I always thought it was terrible value and always refused it.
    How can any of these firms make any money from me? Are they hoping the banks, CC whatever dont have the records to know I never had PPI?
    Is it snouts in the trough or what? I'm Confused

    Playing the percentages. Like Dunstonh said it only costs them a matter of pennies to cold call you. If they bother enough people they are likely to get a bite.
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