online debt advice

Two thirds of social media debt advice is misleading

10th October 2025 Consumer Collections | #online debt advice

A joint study from credit management company Lowell and free debt advice provider Money Wellness has found that almost two-thirds (64.22%) of debt advice circulating on TikTok, Facebook, and Reddit is misleading, while an overwhelming 98.27% is unreliable. With over 10.1 million people in the UK currently over-indebted (FCA Credit & Loans survey), many turn…

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online debt advice

Two thirds of social media debt advice is misleading

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