Loan ads on Facebook prompt warning

Some credit companies are breaking advertising rules when they use social networking sites to tout for business, a charity has warned.

Credit Action, a national charity which aims to education people about money, has written to the Office of Fair Trading about the adverts.

It has also set up a Facebook group named 'Debt can seriously cramp your style!' to encourage the website's users to report adverts which do not meet industry rules.

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