4 ms·
Oh, easy. Collection agencies. Collection agencies are a vital part of the capitalist financial apparatus. Banks rely on them to enforce loan term agreements,
by undoware 8y ago
Oh, easy. Collection agencies.
Collection agencies are a vital part of the capitalist financial apparatus. Banks rely on them to enforce loan term agreements, and in turn defend them when in negotiation with e.g. Apple, when e.g. negotiating agreements regarding e.g. Apple Pay. I suspect (but cannot prove) an elaborate leaning on mobile companies to keep nonconsensual cold calls possible.
Look for this state-of-affairs to change abruptly when being in arrears can directly affect the state of your device.
I expect, by 2025 at the latest, that mobile service and handset providers will begin kneecapping devices whose owners have displeased Equifax. When this occurs, it will no longer be necessary to allow nonconsensual calls, and there will be much touting of the new-and-improved DND.
Probably court summons and legal stuff works similarly, so my second prediction is that, around the same time, it will be possible to serve you notice of a subpoena by unblockable alert.
- max76 8y ago> I expect, by 2025 at the latest, that mobile service and handset providers will begin kneecapping devices whose owners have displeased Equifax. What type of action could someone put on a device to deal with an owner that has bad credit?
- undoware 8y agoDownvoters, why do you disagree? I'm sincere and I believe myself to be correct.
- GalacticDomin8r 8y agoThey are vital in the same way mosquitoes are vital to the ecosystem. You try to assume they must serve some higher purpose greater than blood-sucking(eg food for fish), but nope that's it.
- deleted 8y ago[deleted]
- undoware 8y agoI fail to understand how I assume they serve a greater purpose -- they simply provide consequences for debtors, something increasingly difficult. I hate them, but it fascinates me that some folks can't even bear to discuss how the meat grinder actually works. Because grind it does.
- GalacticDomin8r 8y agoYou stated they are vital. This is an assumption. They are not vital. The real consequences are already part of the system and the collection agencies serve no purpose but to harass and annoy.