The banks need another bailout and countless homeowners cannot handle their mortgage payments, but one group is paying its bills: the dead.
Dozens of specially trained agents work on the third floor of DCM Services here, calling up the dear departed’s next of kin and kindly asking if they want to settle the balance on a credit card or bank loan, or perhaps make that final utility bill or cellphone payment.The people on the other end of the line often have no legal obligation to assume the debt of a spouse, sibling or parent. But they take responsibility for it anyway.
Thursday, March 12, 2009
Still Making Money
I just posted the sickening story of folks still making money in these tough economic times - but the ex-Countrywide execs aren't the only one. Another story from the New York Times on shark-like predators feeding off of those not wise enough to know better...