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Bad paper : inside the secret world of debt collectors

Author: Jake Halpern
Publisher: New York, New York : Picador, Farrar, Straus and Giroux, 2015. ©2014
Edition/Format:   Print book : English : First Picador editionView all editions and formats
Summary:
"The Federal Trade Commission receives more complaints about rogue debt collecting than it does about any activity besides identity theft. In Bad Paper, journalist Jake Halpern reveals why. 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
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Details

Document Type: Book
All Authors / Contributors: Jake Halpern
ISBN: 1250076331 9781250076335
OCLC Number: 897776055
Notes: Published in hardback as: Bad paper : chasing debt from Wall Street to the underworld / Jake Halpern. New York : Farrar, Straus and Giroux, 2014.
Description: 240 pages ; 22 cm
Contents: Stolen numbers : The $14 million gamble ; The king of crap ; The package ; Bad paper --
Paper hunters : Aaron's problem ; Brandon's people ; Scoring in Vegas --
The last collectors : Taking control of assets ; The white man's dope ; Georgia.
Responsibility: Jake Halpern.
More information:

Abstract:

"The Federal Trade Commission receives more complaints about rogue debt collecting than it does about any activity besides identity theft. In Bad Paper, journalist Jake Halpern reveals why. 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."--Page 4 of cover.

"Frequent New Yorker contributor Jake Halpern investigates the shadowy, unregulated world of consumer debt collection, focusing on an unlikely friendship between a former banking executive and former armed robber who go in search of "paper," spreadsheets of uncollected debt sold off by banks for pennies on the dollar."--Publisher information.

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