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PPI, Spam Texts, Your Privacy and the PPI Deadline

The payment protection insurance (PPI) mis-selling fiasco has led to several annoying things to happen - unsolicited phone calls and annoying spam texts. You know the type, because you have probably received one or two, maybe even more over the years that the PPI compensation saga has been running. You may have received a text that claimed "Our records show you are entitled to £4,658 in PPI compensation! Reply INFO or stop". Or one that says "your name is on a list to receive PPI". It's easy to be caught out but these texts are nothing more than spam, a sad reflection of the PPI mis-selling scandal.

Spam

The Mis-selling of PPI

PPI was widely mis-sold to customers and has become the biggest mis-sold product ever in UK financial industry history. The scandal of mis-selling - usually a commission based product for customer advisers - has shaken the financial sector to its core, with no bank or lender being untouched by the saga.

As a result of the PPI mis-selling scandal, another industry was created - the claim management company (CMC). For many critics, the claim management company is not a welcome development. To others, they are welcome and are happy to pay a fee for professional help in claiming PPI compensation.

The Key Term - 'Professional'

There are many CMCs who do NOT send unsolicited or spam text messages and follow advertising guidelines when connecting with customers and promoting their services to them. However, when you do receive a text about PPI,  bear this important fact in mind:

  • These firms do NOT have access to your personal or financial details so don't be swayed by these text messages that promise you a certain compensation figure. The sender has no idea of your personal circumstances.

Payment Protection Scotland - our pledge

As a professional claim management company, we do not send unsolicited text messages to anyone with false information. All our customers contact us through our website and neither do we make vexatious claims- in other words, if we do not think you have a claim, we will not take your claim any further.

Claim PPI Compensation with Payment Protection Scotland

The idea behind PPI is simple and will remain valid right up to the PPI deadline August 2019 - in the event of you being unable to work due to illness, accident, redundancy or death, this insurance policy should cover your repayments on your loan, mortgage, catalogue accounts or credit card.

Banks and lenders offered this product on specific products but it was mis-sold by banks and lenders to millions of customers. The PPI policy rarely paid out when people needed help.

PPI was not explained fully and was of little, if any benefit, to most customers, such as those retired, self-employed or with pre-existing medical conditions.

Do not be swayed by spam text messages! If you think you have a PPI compensation claim then contact Payment Protection Scotland. We can talk you through the whole process and don't forget, you are under no obligation to continue.

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