finance victims  

for those short changed by a personal finance product

     
  junk mail, & unsolicited phone calls and faxes 
   
 

Phone calls & faxes

Of course there are special rules for these as regards financial products. However, you may like to know that you can register with the Fax Preference Service (FPS - 0845 0700702) and the Telephone Preference Service (TPS - 0845 0700707).

If you are on these lists, it is illegal for a business to contact you without your permission.

Businesses have to screen telephone numbers against the registers every 28 days.

The Data Protection Registrar can fine offenders up to £5,000.

 
 

Junk mail

Unsolicited mail is more relevant to this site. Many people who have borrowed too much say they have responded to junk mail.

The mailing preference service covers junk mail.

Meanwhile, we can all do our bit to change the economics of junk mail. If we all send back all the reply paid envelopes empty, junk mail will become a less rewarding proposition for the companies that send it. That's what I've started doing.

 
 

Misleading envelopes

The Advertising Standards Authority received an objection to a direct mailing that claimed "IMPORTANT DOCUMENTS ENCLOSED" on the envelope. Inside the envelope was a letter offering the recipient a new credit card. The complainant, who did not think the letter was an important document, objected that the claim on the envelope was misleading.

The complaint was upheld. The advertisers did not think the envelope was misleading; they said the envelope was one part of the whole mailing and it referred recipients to the enclosures. They believed the mailing made clear that Capital One were the advertisers and that they were advertising a credit card. They pointed out that Capital One were identified as the advertisers on the front of the envelope and that they had stated "Capital One Bank (Europe) plc, Card Services" on the envelope seal, which would be seen by recipients when they opened the mailing. They argued that the mailing included important documents because it contained the formal consumer credit agreement documents as well as alerting customers to the wide choice of credit cards available and the value of the potential savings. The Authority noted the advertisers had identified themselves on the front and back of the envelope. It nevertheless considered that "Important Documents Enclosed" was an ambiguous claim that could mislead recipients by exaggerating the importance of the contents of the mailing. The Authority concluded that the claim on the envelope was misleading and told the advertisers to delete it.

Good decision.

 
 

More about junk mail

You can find out more about stopping junk mail at the UK web site Stop Junk Mail.

It includes useful information about how junk mail is distributed, and ideas for protesting against it, together with a blog.

Well worth exploring if you don't like receiving junk mail.