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by leon on March 4, 2009
Another sign that the US economy is headed down the tube with the New York Times reporting that debt collectors are now targeting the next of kin of the dead to collect debts. It's a new market, with better access coming from more sophisticated database technology.
Given that the debt collectors' clients are from the banking, automobile finance, retailing, telecommunications and health care sectors, we can expect the state of the economy has given them more incentive to target the dead. They want their money, wherever they can get it. People are also turning to debt consolidation companies in order to ease their worries. It is also nothing new to see unfortunate cases where money won from a personal injury claim is used to pay a victims debts...
Permalink: Dead reckoning
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