Credit Action campaigns on Facebook debt ads
Social networking sites, Facebook in particular, have become hugely popular in recent times, and not just with users! Lots of credit companies, especially payday and logbook loans companies are using the medium to advertise their products.
It is such a popular method because they can target young people with whom the site is so popular. In tough times, seemingly easy options on credit can seem very attractive, even when the long term consequences can be dire.
Research by Credit Action has shown that much of this advertising breaks the rules on advertising credit and so we are campaigning to encouraging Facebook users to report ads which break the rules on advertising credit. Please click on the below links for a guide on how to spot dodgy advertising, and then how to report it once you do!
One other great way to get involved is to join the Facebook group ‘Debt can seriously cramp your style!'