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Hounded for Debt They Don’t Owe. One Victim Fought Back, with a Vengeance

Author: haltingproblem

Score: 32

Comments: 5

Date: 2020-10-28 21:19:30

Web Link

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haltingproblem wrote at 2020-10-28 22:09:34:

Reading it bought back memories if reading "Bad Paper: Chasing Debt from Wall Street to the Underworld" [1] and surprisingly Buffalo features prominently in that book too ;) Anyone who is in the USA and has debt of any kind (i.e. they are still breathing) should read the book.

I was generally left with a fairly positive impression of debt collectors as scrappy but out on the fringe individuals who were making a living cleaning up the financial ecosystem. The companies who sell their debt to these collectors came off poorly which is basically every corporate in the country. Mind blowing.

[1]

https://www.amazon.com/Bad-Paper-Chasing-Street-Underworld/d...

toomuchtodo wrote at 2020-10-28 21:57:02:

(2017)

https://news.ycombinator.com/item?id=15862278

sesuximo wrote at 2020-10-28 22:27:20:

It should be illegal to sell debt that can be traced back to the original borrower.

avmich wrote at 2020-10-28 23:12:42:

We know it's all too easy to print a page with identifying information on somebody with arbitrary sum attached. It should be illegal to harass somebody with information like this - I'd assume if there is more, like e.g. a signed contract, it's easier to trace the borrowing.

treeman79 wrote at 2020-10-28 23:46:31:

“You owe me 1M dollars.

No I don’t where or why.”