Managing business collection agencies is next ‘battle’ in war on payday lending

Managing business collection agencies is next ‘battle’ in war on payday lending The battle that is next the war against high-cost loan providers was the battle for regulations forcing loan companies to consent to “affordable” payment schedules for borrowers. “collectors utilize strategies that add up to harassment included in their collection techniques,” law lecturer Victoria Stace from Victoria University of Wellington told a seminar on monetary ability in Auckland on Friday. And, she stated: “There isn’t any legislation needing them to access [...]

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