Reddit reviews Bad Paper: Chasing Debt from Wall Street to the Underworld
We found 3 Reddit comments about Bad Paper: Chasing Debt from Wall Street to the Underworld. Here are the top ones, ranked by their Reddit score.
There was an interview on Fresh Air about this yesterday. Jake Halpern wrote a book in which he investigates a debt collection agency and their practices, as well as current laws on the matter. Often, collection agencies continue trolling people for debt long after the statute of limitations and threaten people to pay up despite the fact that there's no legal obligation anymore and it is more than likely off their credit report by then. There are also cases in which a person will have paid off one agency and then receive calls from another agency about the same debt. The interview is here.
I would really recommend reading the book 'Bad Paper: Chasing Debt from Wall Street to the Underworld' it may not help your situation but at the very least it will help you understand why and how this happens.
It blew my mind and also helped me decide to never ever again be in debt to anyone for anything. The only book I have ever rated 5 stars.
http://www.amazon.com/Bad-Paper-Chasing-Street-Underworld/dp/0374108234
NPR Reported on 'Bad Paper" most people don't understand it's literally felons with phones trying to bully you into paying debts that are frequently out of the statute of limitations or possibly even paid off. The record-keeping is terrible.