(I See) Dead People are the Newest Frontier in Debt Collecting
September 24th, 2009
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by admin · Filed Under: Consumer News
Debt Collectors rate at or near the bottom of the barrel as professions go. Now, they’ve given us another reason to dislike them even more.
An article by David Streitfield of the New York Times describes how “debt collection industry consultants” have identified collecting debts from the relatives of the dearly departed as a hot new market.
MINNEAPOLIS — 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.
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Don’t know how these people live with themselves.
Louis M. Green
