Tag Archives: Stanford Kurland

Even When They Lose, They WIN! – Vultures, Vampires, and Zombies

“Dead people are the newest frontier in debt collecting…”

I am NOT making up this vulture stuff, OK? This is our society as it really is.

red-headed_vultureThe 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.

“I am out of work now, to be honest with you, and money is very tight for us,” one man declared on a recent phone call after he was apprised of his late mother-in-law’s $280 credit card bill. He promised to pay $15 a month.

Dead people are the newest frontier in debt collecting, and one of the healthiest parts of the industry. Those who dun the living say that people are so scared and so broke it is difficult to get them to cough up even token payments.

That should read “token payments they don’t owe“. So completely out-of-control greedy has our amok-running banking industry become that they’re going after money they cheerfully and openly admit isn’t owed to them by the people they’re harassing.

Well, if you can “retaliate” against some country that didn’t do anything to you because there’s no profit in invading the country actually responsible for the attack on you, why not? But it doesn’t end there, no no no.

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