The Office of Fair Trading (OFT) has warned debt collectors not to chase people who owe them money on websites such as Facebook and Twitter.
The OFT have received complaints from debtors who were being pressurised online to pay off loans. There are obvious concerns about the privacy of these actions, and the debtors friends, family and even work colleagues could see these requests for payment.
David Fisher, the OFT's director of consumer credit, said: "In the present economic climate, with many people, including those who may be particularly vulnerable, in financial difficulties, it is crucial they are treated fairly by companies recovering their debts."
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