Showing posts from September, 2017

Scam Alert: Vanquis Bank

You may - or may not - have seen a recent financial update relating to sub-prime lenders Provident Financial Plc. Their recent forecast for a full-year loss lead to a 90% slump in share prices, along with the revelation that their credit card division - Vanquis - was under investigation by the FCA.

Share prices dropped from the £30-mark to just 426p precipitating the removal of the CEO, Peter Crook, and the calls from investors that the investigation should have been disclosed sooner.

A few years ago I'd applied for a credit card whilst trying to identify the cause of an issue on my own credit file; it turned out that another bank had made a serious error and 'marked' my credit file. They've since resolved the error.

I don't remember whether my Vanquis application was completed or not but last year - two years after my original application - and after no further contact from Vanquis, I started receiving spam through the post.

After a SAR in which they …

Scam Alert - DMR Financial

Back in September I received a cold call from DMRFS, where the caller asked me about my unclaimed PPI compensation.

Having had a number of these calls I provided the caller false details in order to trigger documents in the post to me. The arrival of these documents confirmed the recipient (who the original caller avoided naming).

DMRFS have been under investigation since mid 2016 by the Claims Management Regulation Service, under Regulation 35 of the CMA. This regulation relates to "complaints or suspicions of unprofessional conduct".

A small company run by Donald M Rees of Llanelli who appear to outsource their call centre operations to another firm (possibly in Cheshire).

When I received the information pack from DMRFS under the name I'd given them, I waited for a short period to separate out events a little and sent DMRFS a SAR in early September 2016. I received no bounces and no response for over two months and so, in order to remind DMRFS that their st…