Debt collectors target Facebook to get money back

The Office of Fair Trading (OFT) is warning debt collectors not to pursue people who owe them money on social networking sites such as Twitter and Facebook.

The OFT had previously received complaints from debtors who were being pressurised online to pay off loans.  The regulator says it could strip perpetrators of their consumer credit licences to deter the practice.

The Consumer Credit Counselling Service (CCCS) welcomed the new rules.

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