Article sourced from BBC News
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.