Bad Paper by Jake Halpern

Chasing Debt from Wall Street to the Underworld

An investigative narrative that exposes the shadowy business of buying and collecting charged-off consumer debt, following how debt is bought for pennies on the dollar, repackaged and pursued through aggressive and often legally dubious tactics in courts and on the street, and showing the human toll on vulnerable people, the industry players who profit, and the regulatory and legal loopholes that allow the system to thrive.

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