Debt Collectors: How Low Will They Go?

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Not only are local DAs farming out debt collection to sleazoids who then get to be pretend to be law enforcement officials, but guess what else? Debt collectors are now gunning after the dead. From the NYT: 

“The banks need another bailout and countless homeowners cannot handle their mortgage payments, but one group is paying its bills: the dead.

Dozens of specially trained agents work on the third floor of DCM Services here, calling up the dear departed’s next of kin and kindly asking if they want to settle the balance on a credit card or bank loan, or perhaps make that final utility bill or cellphone payment.

The people on the other end of the line often have no legal obligation to assume the debt of a spouse, sibling or parent. But they take responsibility for it anyway.”

You have to read the whole piece to understand just how scuzzy their methods are, especially at a time when so many are financially devastated. They give these operators special classes in faking empathy and other forms of emotional blackmail. The only bright spot is that about half of DCM’s grave robbers don’t make it past the first 90 days of torturing an unemployed person whose mom just died. Yoga and foosball is enough to get the rest of them through the day, though.

Imagine DCM going bankrupt (i.e. corporate death). Would it still pay the debts it had legally incurred but was no longer legally responsible for? Yeah, that could happen.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

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