Firms face raids and fines of up to £500,000 for sending unsolicited text messages about credit or compensation.
The Information Commissioner's Office (ICO) said tackling the issue was a "high priority". Typical messages claim recipients are entitled to money, promise to write off debts or find a loan, or suggest accident compensation can be claimed. But in many cases, the products they are selling can actually make people financially worse off. The ICO said it was investigating several cases at the moment, and had identified certain companies to target. The Consumer Credit Counselling Service (CCCS) charity is running a campaign against unsolicited texts, and believes the messages cynically target vulnerable people....Read more here----: BBC News - Fines threat for credit text messages