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Action Fraud is warning that fraudsters are posing as officials from the Financial Conduct Authority (FCA) are cold calling people stating that they are eligible for a Payment Protection Insurance (PPI) claim.  

There may be an increase in these type of frauds in the near future following the FCA announcement and new campaign about the upcoming deadline for claims on 29th August 2019.

PPI was usually sold with products that you need to make repayments on, like a loan, credit card or mortgage.

As well as cold calling scammers are using text messages to convince victims that they may have a legitimate claim when in fact this may not be the case.

The fraudsters tell you how much PPI you can claim back but emphasize that an advance fee payment is required in order to make the claim successful.  You should never take up offers of PPI claims on the spot from cold calls and text messages.

If you want to use a third party organisation to assist with your PPI claim, you can check to see if they are legitimate by carrying out independent research on the company, as well as checking the FCA’s website for the company’s details or by calling them on 080 0101 8800 (Monday to Sunday, 8.00am to 10.00pm.)

f you want to make sure you are never a victim of fraud see below for details of where you can find help.

  • Make a scam/rogue trader complaint to Trading Standards via the Citizen’s Advice Consumer Service website or call them on 034 5404 0506.
  • To keep up to date on scamming issues keep an eye on the Warwickshire Trading Standards Website, Facebook page and Twitter feed.
  • Sign up to scam alerts from Warwickshire County Council here.
  • Avoid rogue traders.  Use the Warwickshire Trading Standards No Rogue Traders Here approved trader scheme.