Bad Paper: Inside the Secret World of Debt Collectors
| Author | : | |
| Rating | : | 4.46 (816 Votes) |
| Asin | : | 1250076331 |
| Format Type | : | paperback |
| Number of Pages | : | 256 Pages |
| Publish Date | : | 2016-04-18 |
| Language | : | English |
DESCRIPTION:
"New New Journalism about the financial/debt markets is "So HOT right now"." according to Darwin8u. “I’d be a bum on the street with a tin cup if the markets were efficient.”â Jake Halpern, Bad Paper: Chasing Debt from Wall Street to the UnderworldI went into this book thinking it was going to be a bad copy of a Michael Lewis book. Anyway, a friend of mine recommended this highly. She also has a great book out about . Bad Paper will save you Thousands of Dollars Donald porter If you owe money to the debt collectors, you owe it to yourself to read this book. Probably you can have the debt dismissed, if you follow this book's advice. At the least you ought to be able to knock off half your debt. Debt collectors typically buy your debt for 1 to 3 cents on the dollar, so if they can collect even 5 to 10 cents, it's a. are the source and Bill Collectors are the hired guns going after good people. Bad Debt & Loans that have been What an eye opener! This is an important read for anyone ho has had or has debti.e most of us!The American public is getting ripped off BIG TIME!Credit card companies, credit reporting agencies, Banks, Payday Loaners,Finance Companies, Landlords, etc. are the source and Bill Collectors are the hired guns going after good people. Bad Debt & L
Jake Halpern is a frequent contributor to The New Yorker and The New York Times Magazine, the author of Fame Junkies and Braving Home, and the coauthor of three young adult novels. His hour-long radio story "Switched at Birth" is one of This American Life's eight most popular sho
"The book teems with eccentric characters and scenes that made my skin crawl. He tells the story of Aaron Siegel, a former banking executive, and Brandon Wilson, 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 Aaron and Brandon learn, the world of consumer debt collection is an unregulated shadowland, where operators often make unwarranted threats and even collect debts that are not theirs.Introducing an unforgettable cast of characters, Halpern chronicles Aaron and Brandon's lives as they manage high-pressure call centers, hunt for paper in Las Vegas casinos, and meet in parked cars to sell the social security numbers and account information of unsuspecting consumers. The result is a vital exposé on the cost of a system that compounds the troubles of hardworking Americans and an astonishing feat of storytelling.. Explained simply, read easily, Bad Paper defies expectations. In Bad Paper, journalist Jake Halpern reveals why. It should also raise quite a few alarms."-Colin Dwyer, NPRThe Federal Trade Commission receives more complaints about rogue debt collecting than it does about any activity besides identity theft
An Best Book of the Month, October 2014: Everyone knows about collections agencies, but how they actually operate is much more interesting than you probably think. Along the way, Halpern encounters first-hand the game's players, from the financiers at the top of the pyramid to mid-level "brokers" and the ground-level phone-jockeys; these are all hard men within their contexts, as one tale of a Tarantino-grade stand-off over stolen information attests. This book is unexpected, and unexpectedly fun. --Jon Foro. Files are often bought and sold multiple times, each transaction stripping away the best remaining prospects as collectors wring paper dry through all manners of persuasion and coercion. Falling somewhere between Glengarry Glen Ross and Mean Streets, Jake Halpern's Bad Paper introduces us to an economy spanning many shades of gray. Halpern's book tracks the descent of "paper" (spreadsheets containing the information of mil