Bad Paper

Chasing Debt from Wall Street to the Underworld

Welcome to underworld of debt collection, where few rules apply...

By Jake Halpern Read by Qarie Marshall Business & Investing / Nonfiction English, Unabridged 6h 37m Sell Sheet Also available on
Format Release Date List Price Your Price ISBN
1 MP3 CDs October 14, 2014 $19.99 $14.99 9781629238814 Add to Cart
6 Audio CDs October 14, 2014 $29.99 $19.99 9781629238777 Add to Cart
Description
							Jake Halpern introduces us to a former banking executive and a former armed robber who become partners and go in quest of "paper" - the uncollected debts that are sold off by banks for pennies on the dollar. As Halpern shows, the world of consumer debt collection is a wild and unregulated shadowland, where operators may misrepresent a debtor's situation, make illegal threats, and even lay claim to debts that are not theirs to collect in the first place. Halpern follows his collectors as they intimidate competitors with weapons, manage high-pressure call centers, and scheme new ways to benefit from Americans' debt-industrial complex. He also explores the history of collection agencies and reveals the human cost of a system that leaves hardworking Americans with little opportunity to retire their debts in a reasonable way.