3 ms·
It should be illegal to sell debt that can be traced back to the original borrower.
by sesuximo 6y ago
It should be illegal to sell debt that can be traced back to the original borrower.
- avmich 6y agoWe know it's all too easy to print a page with identifying information on somebody with arbitrary sum attached. It should be illegal to harass somebody with information like this - I'd assume if there is more, like e.g. a signed contract, it's easier to trace the borrowing.
- treeman79 6y ago“You owe me 1M dollars. No I don’t where or why.”
- sesuximo 6y agoI was imagining that if I borrow from LenderCo, and LenderCo wants to sell my debt to ConsolidatedCo, all they can do is take out a separate loan. So ConsolidatedCo doesn’t know about me, and if I don’t pay LenderCo, then LenderCo might not be able to pay ConsolidatedCo. Under no circumstances should ConsolidatedCo be able to hound me. Maybe LenderCo can but at least I chose to do business with them directly.