If you’ve logged on to Facebook recently, you may have noticed some very enticing adverts popping up in your feed. They talk about how the banks “no longer have the upper hand”, and that you, yes you, can finally put your debt behind you by doing what they say.
This is a pretty bold statement to make, considering that the companies putting these ads out know nothing about your financial situation.
The FCA have imposed strict criteria on the financial industry to make sure you’re treated fairly at all times. They also insist that all financial organisations behave in a way that’s clear and not misleading. The ads we’ve seen on Facebook would seem to break these rules.
Our job is to keep you in the know, so let’s take a look at the wording these ads use and why you need to be on your guard…