Today’s links Paying consumer debts is basically optional in the United States: The Fair Debt Collection Practices Act protects the people who need it least. Hey look at this: Delights to delectate. This day in history: 2003, 2008, 2013, 2018, 2022 Colophon: Recent publications, upcoming/recent appearances, current writing projects, current reading Paying consumer debts is basically optional in the United States (permalink) The vast majority of America’s debt collection targets $500-2,000 credit card debts. It is a filthy business, operated by lawless firms who hire unskilled workers drawn from the same economic background as their targets, who routinely and grotesquely flout the law, but only when it comes to the people with the least ability to pay. America has fairly robust laws to protect debtors from sleazy debt-collection practices, notably the Fair Debt Collection Practices Act (FDCPA), which has been on the books since 1978. The FDCPA puts strict limits on the conduct of debt collectors, and offers real remedies to debtors when they are abused. But for FDPCA provisions to be honored, they must be understood. The people who collect these debts are almost entirely untrained. The people they collected the debts from are likewise in the dark. The only specialized expertise debt-collection firms concern themselves with are a series of gotcha tricks and semi-automated legal shenanigans that let them take money they don’t deserve from people who can’t afford to pay it. There’s no better person to explain this dynamic than @patio11, a finance and technology expert whose…Pluralistic: Paying consumer debts is basically optional in the United States (12 August 2023)