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The Seedy Underbelly of Debt Collection

Discussion in 'Sports and News' started by Songbird, Aug 16, 2014.

  1. Songbird

    Songbird Well-Known Member

    Fantastic story about life as a debt collector. Quick, clean read. The black and white photos are lush and gorgeous if not over the top in the way the players are positioned in each scene.

    This has real potential for the big screen. The bolded line is sexy and made me think of Mr. White, but in this case looks like King Kong Bundy's smaller cousin from Southie.

  2. Double Down

    Double Down Well-Known Member

    Fascinating, informative piece. As pure storytelling, I thought it built to a climax and then COMPLETELY fizzled, but that's the reality of nonfiction sometimes. Still very interesting. Glad I read it. Thanks.
  3. JayFarrar

    JayFarrar Well-Known Member

    Started it but haven't finished it.

    On a personal note, about once every six months I'll get a call from a debt collector.

    They'll name some amount, couple hundred bucks, and offer a payment plan.

    I'll ask them what the bill was for and they'll say a Sears Card. I'll reply back with, I've never had a Sears card.

    And ask for when and where the card was used. They'll tell me they'll send me more information or some such but I never hear back from them.

    Six months later, the paper will have been sold to someone else and another collector will call.

    This article, so far, explains why.
  4. Rusty Shackleford

    Rusty Shackleford Active Member

    I once worked in b2b marketing for a debt collection agency. Shady as hell.
  5. old_tony

    old_tony Well-Known Member

    That was a really good read.
  6. X-Hack

    X-Hack Well-Known Member

    Good read. Jake and I worked at the same publication about 15 years ago when he was right out of college. He was very talented. A bit full of himself, but overall a pretty good guy and I'm not at all surprised by his success.
  7. SpeedTchr

    SpeedTchr Well-Known Member

    Quite interesting read, and just reinforces what I have thought as I battle student loan "debt" collectors 25 years on. I would applaud a law that forbids the selling of a loan.
  8. Smasher_Sloan

    Smasher_Sloan Active Member

    Just pay your bills, deadbeat.
  9. Selling debt is not the issue.
  10. RickStain

    RickStain Well-Known Member

    A law forbidding selling debt would have some interest effects on interest rates.
  11. cranberry

    cranberry Well-Known Member

    What would the rationale be for a law forbidding the sale of debt?
  12. doctorquant

    doctorquant Well-Known Member

    1) It would be stupid ...

    2) It would hurt the very people it would, ostensibly, be oriented toward helping, and ...

    3) It would be stupid
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