Good News ! Hundreds Of Claims Firms Have Closed !

[mikey4444]

http://www.bbc.co.uk/news/business-23409046

Wonderful news....now perhaps we can eat our dinners without being plagued by these pests !

[VHG]

Yes but sadly 1700 are still open.

[mikey4444]

But if we all keep picking up the phone, saying "bu*ger off" and putting the phone back down, then that total of 1700 will soon go !

[emmie]

whilst i can't abide these people, doesn't that put some people out of work, if they are not based here then ok.

[Gromit]

The law only came in in April, less than 3 months ago. The reduction is over 15 months.

Somehow, I do not think the reduction in firms is due to the new legislation.

[Gromit]

An alternative view of why the number of firms has reduced.

1. There were too many firms for the market to sustain. Everyone jumped on the bandwagon and the number of firms peaked. But now we are seeing a readjustment because there isn't enough work to go around.

2. The lack of growth and recession in the economy means their potential market is shrinking or is stagnant.

3. Small firms and councils are keener to fight them as money becomes scarcer. In the past, admitting a £1000 liability was often easier and cheaper than fighting it. As money becomes tight, then they will try to keep every penny.

I suspect this is one of those stories which shows how badly the economy is doing, but it is dressed up as good news instead.

[keyplus90]

Oh thanks goodness. Now I wouldn't have to convince someone that I did not have an accident when that person is so convinced that I did have an accident. What would all Catherines, James, Michaels, Emmas and Davids of India do now?

[sp1814]

I'm disappointed...

I love getting calls from these firms. For me, it's a chance to have a laugh.

I simply pause the telly, pick up the phone and act up.

My favourite one is to pretend to be a Nigerian who has money to export out of the country. It works brilliantly with PPI calls.

Also, pretending your deaf is great...especially if you have a speakerphone option and you can get your friends/family to keep quiet.

"I'm sorry mate...I'm a little hard of hearing, could you say that again?"

"What was that? Could you speak up please...I know I took out PPI with five of my credit cards...and I've been looking to claim, but I don't know how".

That hooks them...and then you just reel them in.

And by the way - yes, I know it's cruel, but it's my phone, and technically, they're entering my home uninvited.

[ludwig]

If they've been forced out of business through no fault of their own, perhaps they can claim compensation.

[youngmafbog]

Rather an extreme opposite view there Gromit, but I would expect nothing less from you to force forward your political views.

I suspect the answer lies in between all the reasons for the decline. However I cant really see your point 2. If things get tighter the more the something for nothing brigade will try to screw someone else for money.

I like your way of dealing with it SP. Unfortunately I just get annoyed.

[FredPuli43]

Wonder whether Barmaid or tonywiltshire gets these calls. Perhaps the firms have a list of lawyers and don't ring them. Or perhaps those two are making the calls !

[keyplus90]

Few of them are so daft that I once told one of them that yes there was an accident and a Rickshaw collided with a bike and all of the 35 people involved died on the spot.

"Yes, sir, I believe they all are due some compensation" was the reply.