Debt collectors are well-known for annoying and harassing phone calls. But it gets worse, says the Huffington Post. The industry is employing a troubling new strategy: Filing lawsuits against debtors.
Debt collection companies generally buy debt at a discounted rate and aim to make a profit by collecting more than they paid for the overdue bills. Increasingly the companies are turning to the legal system to ensure their efforts are successful.
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1 comment:
Wow. Making people actually PAY for their credit cards, loans, and consumer goods that they THOUGHT they got away with stealing is a "troubling new strategy"?
How about paying for what you buy? Or borrow? Or charge? Or is THAT too troubling? I know lying and stealing isn't frowned upon like it used to be, but it's STILL lying and stealing.
Its hard to put a good spin on stealing, but that doesn't stop many from giving it a shot...
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