Thursday, March 5, 2009

Leave The Gift of Debt When You Die

I know time's are tough, but God damn! I didn't know chasing ghosts for cash was such a lucrative gift.

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.Collecting from the dead, however, is expanding. Improved database technology is making it easier to discover when estates are opened in the country’s 3,000 probate courts, giving collectors an opportunity to file timely claims. But if there is no formal estate and thus nothing to file against, the human touch comes into play.

Apparently an incredibly high percentage of relatives of dead people feel compelled to pay up, even when they can't really afford. If that's not a sign of how f*&ked the human condition is, I don't know what is.

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