Payday loan providers warned about `aggressive’ commercial collection agency techniques

Payday loan providers warned about `aggressive' commercial collection agency techniques The OFT is baring its teeth at payday lenders who it believes have now been responsible of extremely aggressive commercial collection agency methods. But will any difference be made by it? Any office of Fair Trading (OFT) has launched ‘formal investigations’ into a few payday loan providers as a result of issues about their aggressive commercial collection agency techniques. It has in addition written to all or any 240 lenders that are payday emphasize its concerns in regards to the poor methods loan providers have actually used. The OFT has…