Auto payout from Lloyds - a scam?

HGBen

A post keeps appearing on Facebook as follows suggesting some banks are now required to pay out if youve ever had a loan, mortgage etc. This is the Lloyds one, there are others. Is this authentic or a scam?
‼ Attention BlackHorse Customers ‼

Those who have used BlackHorse to finance a new car in the last 20 years may not know that they are owed a significant refund.

Many companies or brands such as BlackHorse have been ordered to issue refunds because of hidden insurance which was uncovered a long time ago. Others include PayPal, Manchester United, Liverpool FC, Topman and many more (as listed on the FCA's website).

To claim a refund direct from BlackHorse click here:( Had To Remove Link)

Here's the full A-Z list of brands paying our huge refunds:

AA Loans
Blackhorse
Bank of Scotland
Bradford and Bingley
Barclaycard
Barclays
Capital One
Cahoot
Cheltenham & Gloucester
Egg
First Direct
Goldfish Card
Halifax
HBOS
HSBC
HFC Bank
Lloyds TSB
MBNA
Morgan Stanley
MINT
Marks & Spencer Money
Northern Rock
NatWest
Royal Bank of Scotland
Sainsbury's
Shop Direct
Santander
The Co-Operative Bank
Woolwich
Yorkshire Bank

*Thursday 29th August 2019

[Deleted User]

It's nonsense.

Never believe any ad you see on Facebook.

[Deleted User]

HGBen wrote: »

A post keeps appearing on Facebook as follows

It's just a (mis-leading) advert for a Claims Management Company.

There is no "hidden" insurance though; they just hope you'll agree to them being your representative in PPI complaints. No one is being automatically paid out just for having finance.

If you have such a complaint then make it yourself, otherwise you'll surrender 20% of any redress (plus VAT) to this firm. If you didn't have PPI, you'll never receive anything.

In future, I recommend you ignore all these adverts appearing in the press and social media.

Any reason you felt the need to reproduce the whole advert (including the list of banks)? Why did you want to post the link, I wonder?

dunstonh

A post keeps appearing on Facebook

Facebook is the home of such scams.

s suggesting some banks are now required to pay out if youve ever had a loan, mortgage etc.

No. Its BS.

Many companies or brands such as BlackHorse have been ordered to issue refunds because of hidden insurance which was uncovered a long time ago. Others include PayPal, Manchester United, Liverpool FC, Topman and many more (as listed on the FCA's website).

Complete and utter rubbish.

Its almost certainly an advance fee fraud. i.e. they lie to you about some pay off you will get but then hit you with £495 or similar to pay up front. You have pounds in your eyes and fall for it and pay the money never to see it again.

-taff

Why don't you install adblock plus and then you won't see any of these adverts? on your computer at least...

HGBen

Thanks everyone. I assumed it was, but wanted to be certain to avoid mis-informing others.
Moneyinept - no conspiracy here!

[Deleted User]

HGBen wrote: »

Moneyinept - no conspiracy here!

Ha, I saw no "conspiracy", but quoting the whole advert (with a link) was what a spammer would do.

As others have suggested, you need to install some kind of advert blocker..