People seeking debt help have been urged to watch out for certain “red flags”. The Financial Conduct Authority said it is concerned that some people are being steered towards debt solutions that are unsuitable for their needs.
It said free, impartial debt advice is available to everyone – and no one should feel under pressure. The FCA said warning signs to watch out for include feeling hassled, or repeatedly contacted, particularly after an online inquiry or unexpected phone call.
People may feel pressured to agree to a debt solution quickly over the phone or via WhatsApp, without time to properly consider their options.
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Another red flag is being asked or encouraged to…