UK debt advice scams surge as credit card defaults rise
Rising credit card defaults in the UK are driving increased demand for debt advice, but consumers face a growing risk of being misled by unregulated firms. The Financial Conduct Authority warns that scammers use aggressive tactics, including cold calls and impersonation of charities, to push people toward costly solutions like Individual Voluntary Arrangements. Regulators emphasize that free, impartial advice is available through government-backed channels and authorized providers, urging individuals to verify firm credentials before making financial decisions.