badgenome said:
Of course they do, but OWS is buying debt for about 5 cents on the dollar. That's a pretty good indication that this debt belonged to people who were not making payments and were never going to. Especially if it's debt that a collection agency bought from a bank and the collectors themselves are now throwing their hands up. They're just getting some money where they previously would have gotten nothing. Not exactly undermining the system or anything; quite the contrary. |
Your assuming these companies wouldn't file lawsuits against the people which would lead to wage garnishment.
