Tuesday, November 8, 2011

British debt collectors banned from hounding people on Facebook

DEBT collectors were yesterday banned from hounding people on Facebook and Twitter.

The Office of Fair Trading  (OFT) said the practice caused "stress and embarrassment" because other people can read about borrowers' money problems.

A spokesman said: "It's unfair and improper and it makes that private correspondence public."

The OFT said contacting debtors through social networking sites was a new take on the old method of placing a postcard through a letterbox.