Debt Buyers Purchase Debt From Banks and Hunt You Down: “Pay Up or Will Eat Your Dog”

by Mac Slavo

Hope to ever get out of debt in your lifetime? Hope that these guys don’t find you first.

They are the bounty hunters in the American wasteland debt collection.

Many Americans have had unfortunate dealings with a relatively new practice that involves predatory ‘investors’ who buy up delinquent consumer debt and pester and intimidate bad debtors to pay up.

Often, the debtors are sued in court, and default judges and wage garnishment are the typical end result.

Their tactics and the legality of their methods of collection are shady, but still enough to hold struggling Americans hostage for everything they have, as comedian John Oliver discusses in this segment from Last Week Tonight:

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