Same day loan industry stands against rogue debt collectors
By LesleyV on Tue, 2011-05-10 23:26The personal loans industry, represented by the national organization the Community Financial Services Association of America, has been a vocal opponent of rogue debt collections who use aggressive means to harass delinquent borrowers. Loan providers believe that 5,000-plus arrest warrants issued last year against delinquent borrowers due to rogue debt collector action is unconscionable. The CFSA and affiliated personal loan and same day loan originators are drawing a line in the sand against debt collectors that give a legitimate agency an unwarranted bad name.


