Bad Paper: Chasing Debt from Wall Street to the Underworld

Bad Paper: Chasing Debt from Wall Street to the Underworld

Jake Halpern

The Federal alternate fee gets extra court cases approximately rogue debt gathering than approximately any job along with id robbery. Dramatically and entertainingly, Bad Paper unearths why. It tells the tale of Aaron Siegel, a former banking govt, and Brandon Wilson, a former armed robber, who develop into companions and pass in the hunt for "paper"―the uncollected bills which are bought off by way of banks for pennies at the greenback. As Aaron and Brandon study, the realm of shopper debt assortment is an unregulated shadowland the place operators usually make unwarranted threats or even acquire accounts that aren't theirs.

Introducing an unforgettable forged of strivers and rogues, Jake Halpern chronicles their lives as they deal with high-pressure name facilities, hunt for paper in Las Vegas casinos, and meet in parked vehicles to promote the social safety numbers and account details of unsuspecting shoppers. He additionally tracks a "package" of debt that's stolen through unscrupulous creditors, resulting in a dramatic showdown with weapons in a Buffalo nook shop. alongside the way in which, he finds the human fee of a process that compounds the worries of hardworking american citizens and allows banks to disregard their former shoppers. the result's an important exposé that also is a bravura feat of storytelling.

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