Loan firms sell financial secrets to cold-call conmen


Debra Winch, 44, receives up to 60 spam text messages every day after she was turned down for a payday loan
Highly sensitive financial details from loan applications are being sold to scammers and cold-calling firms, the Mail can reveal.
Details of how much money applicants asked for, why the cash was needed and why the application was rejected are all being stored on lists and traded.
Vulnerable people desperate for cash are then bombarded up to 60 times a day by cold callers and targeted by scammers who have apparently obtained access to the data. The loan records of more than 3,000 applicants were passed to undercover Mail reporters by one data firm.
When the Mail contacted people on the spreadsheet, they said their lives had been made a misery since they applied for the loans. Some said they have been targeted by scammers because their bank details had been made widely available.
Policeman’s wife Debra Winch, 44, receives up to 60 spam text messages every day after she had an application for a £600 payday loan declined. The mother of three has since been conned out of £360 by two companies which knew her bank account details and removed the money without her knowledge.
Afterwards, one of the scammers spoke to her on the phone and said ‘Catch me if you can’ before hanging up. Mrs Winch said: ‘Having a policeman husband and a son who works in security, I try to be careful giving my information, so am upset my information has got into the hands of the wrong people.
‘I haven’t signed any forms and wouldn’t because I don’t know who I’m dealing with. I feel completely violated. It is amazing how much they know about you.’
The loan records were passed to the Mail’s undercover reporters by Birmingham-based firm Targeted Response Direct.
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