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Saturday, March 03, 2007

Money For Old Rope

Much like sharks, when they detect blood in the water, some claim recovery firms are quick to rush in when they see an easy way to make money.

Such seems to be the case with some firms, who have been handling claims for endowment mis-selling, who are now entering the market to help people recover excess bank charges.

Needless to say, they don't provide their services for free and expect a cut of around 25% of monies recovered.

The question that the man in the street ought to be asking himself is this:

"Why do I need to pay for a service that I can do myself?"

Read more about the issue here FT.

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