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Subsequent shoppers obtained numerous warnings about deceptive promoting.
The distinction between debt consolidation (supplied by credit score suppliers) and debt counselling (supplied by Debt Counsellors) was defined. Deceptive adverts generally purposefully miss the phrases debt counselling or debt overview and as an alternative point out consolidating debt.
The advert above additionally talks about 36 months implying that’s how lengthy it’ll take, when every individuals state of affairs is exclusive.
A number of examples of deceptive wording in adverts had been shared through the session=.
One instance was an advert saying:
‘NCR is giving South Africans Further Money to take pleasure in, by decreasing debt curiosity and safety from repossession of property.’
Many occasions adverts make guarantees of diminished funds, writing off debt or guaranteeing diminished curiosity. Some make claims or suggest that the federal government are concerned in offering these service.
Listed here are just a few examples that customers had been warned about:
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