Financenews.co.uk has been to the streets for this one. We asked 100 people in the streets of Manchester, what their most annoying financial sales call was. The winner was PPI Claims with 47% of the vote, closely followed by debt services and insurance.
People claimed that by text message, 0845 number or 0800 number, they were most annoyed with the services offering to win back insurance on cards and loans. With an increase in the number of PPI claims increasing every day, companies are being more and more aggressive with their marketing.
People also reported the most selling activity taking place after 6pm when they had returned from work. It is likely that the conversion to cases is remarkably low for this type of marketing. Although with a claim paying out thousands, the rewards outweigh the costs for these companies.
Debt services and life insurance in particular were a close second and third on the irritant scale. BT and other services are much better at blocking these calls but many still slip through the net. It is currently illegal to cold call U.K people to promote financial services, as such, many companies are using offshore call centres to generate the leads.