PPI scam warning to Borderers

And police are now reminding members of the public to be wary about phone calls from people claiming to work for companies assisting with PPI refunds.

A Lothian and Borders Police spokesman said: “There are a number of legitimate companies who assist with making claims in relation to PPIs, however, we are finding that there are criminals who are taking advantage of this.

“These criminals will cold-call members of the public pretending to be from a legitimate company.

“They state that the person is due a sum of money as they have been mis-sold PPI in the past. The caller then requests that a payment is made to cover administration costs and this should be made using payment schemes such as U-Kash or Western Union.

“We would advise people to be very wary of such calls and not to send money.

“If you feel that you may have been mis-sold PPI in the past then there are a number of legitimate companies who you can contact for assistance.”

A court ruling last year decided that bank customers can claim compensation on PPI policies dating back more than a decade.

It was claimed banks had mis-sold the policies as they were highly profitable.