People seeking help with debt have been urged to watch out for “red flags” that could worsen their situation.
The Financial Conduct Authority (FCA) has expressed concerns that Brits are being misled by companies offering fee-based debt solutions, even when they aren’t suitable for their needs. It said free, impartial debt advice is available to everyone – and no one should feel under pressure. The authority has outlined some red flags that may indicate you should seek advice elsewhere.
Alarm bells should ring if a firm uses “pressure tactics”. This is when a company repeatedly contacts you, harasses you, or pressures you into agreeing to a solution, not giving you time to…