Category: pay day loans

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The OFT is baring its teeth at payday loan providers who it believes have already been responsible of extremely debt that is aggressive techniques. But will any difference be made by it?

Any office of Fair Trading (OFT) has launched ‘formal investigations’ into a few payday loan providers because of issues about their aggressive commercial collection agency methods. It has additionally written to all the 240 lenders that are payday emphasize its concerns concerning the bad methods loan providers have actually used.

Business collection agencies antics

The OFT has opted to issue revised business collection agencies Guidance, targeting constant payment authority (CPA), which can be a apparatus numerous payday loan providers utilize in terms of gathering repayments. Continue reading “Payday loan providers warned about `aggressive’ business collection agencies strategies.But will it make a difference?”