Rip offs - The Real Facts

marcusevans Rip offs - The Real Facts 26 billion million British consumers 26 million consumer- are being ripped off related problems in by around £7 billion the UK every year every year BUY ONE GET RIPPED OFF Only 900,000 of these complaints are officially logged Top 10 consumer rip offs C) 10x £5 billion PPI (Payment Protection Insurance) - boosted the profits of banks by up Mobile data roaming charges - calls can cost up to ten times more abroad than at home to £5 billion a year The Lottery - 1 in 13.9 million chance of winning the jackpot Budget airlines can charge £10 on top of credit card sales DEAL OR 26% NO DEAL Credit card cash withdrawals Supermarket 'deals' are only worth it can be charged at more than if you usually buy the product 26% interest £15 Train fares can cost up to 50% Some packaged current accounts more if you book a ticket on the can cost on average £15 per month day rather than in advance 26% 9 £1 ---- Overseas withdrawals/card Premium rate phone lines can cost payments can be charged at more up to £1 a minute from a mobile than 26% interest The Costs of the PPI Rip Off Banks forced to pay customers Possible final bill for refunds who were wrongly sold PPI £1.9 £8 billion billion £2,750 Current average compensation settlement This scandal lead onto further rip offs by claims firms ripping off consumers who seeked compensation... 1/4 25% Of Britons said claims firms Of people didn't realise they could claim compensation for representing them had not stated they would take a fee free OVER 50% 65% Of people had been hassled by claims firms by text Of people had received phone calls 54% Of people had received letters Famous product rip offs NEMO Pixar's Finding Nemo suspiciously resembles the children's book "Pierrot the Clownfish" PERROI OREO Aggressive marketing techniques allowed Oreo to rip off Hydrox LEGO was originally producing wooden ducks before it copied its big idea from Kiddicraft Blocks Top tips for avoiding rip offs • Avoid impulse purchases - think before you buy • If the offer looks too good to be true - it probably is • Don't be bullied to buy an item or service you don't need • Shop around - use the Internet to find the best deal & price • Always use a credit card when buying online • Obtain references before dealing with trades people • Always take your complaint to the top person in a company • Keep records of your complaint - phone calls, emails, letters • Never take 'NO' for an answer - and keep complaining References http://www.moneywise.co.uk/scams-rip-offs/rip-offsineverget-ripped-again http://money.aol.co.uk/2011/11/09consumer-rip-offs-worth-7bn/ http://moneyaol.co.uk/2012/05/25/10-of-the-biggest-consumer-rip-offs/ http://www.dailymail.co.uk/newslarticle-2133536/PP-scandal-victims-swindled-twice-unaware-daims-firms-fee htmlilaxzz2Km/MHO http://www.cracked.comlarticle_20025 5-workd-famous-products-that-are-shameless-rip-offs.html http://www.rip-off.co.uk/ marcus evans is one of the world's leading business information companies delivering intelligence through a variety of media employing 3500 professionals in 63 offices worldwide. marcusevans %0S