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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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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