A group of secretive TikTok advertisers are using sketchy tactics to push massive loans that experts say could run afoul of deceptive advertising laws, The Post has learned.
Some of the ads tease “almost instant” five-figure deposits despite bad credit, while others appear to imply they are part of government “inflation programs” and use the logos of news organizations like CNN.
Cash-strapped borrowers who click on links in many of the ads are asked for sensitive personal information, including their Social Security and bank account numbers.
“At best, these videos are designed to make you give up information that you shouldn’t that will result in more solicitations,” John Breyault, vice president of advocacy group the National Consumer League, told The Post. “At worst, this is a complete scam designed either to take your money or information for fraudulent purposes.”
One typical TikTok lending ad opens with a shot of the words “US Government Inflation Program 2022” over a video of the US Capitol.
“US government inflation program helps Americans get a loan, even with bad credit,” a voiceover says in somewhat broken English. “You can get up to $50,000 just filling simple form.”
The ad then cuts to a shot from the perspective of a person holding stacks of hundred-dollar bills in a car.
“I’m using my…
