The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt

URL:  http://boards.fool.com/a-new-breed-of-debt-collector-30907721.aspx

Subject:  A new breed of debt collector. Date:  10/5/2013  12:35 PM
Author:  Windowseat Number:  307289 of 309665

Out in Oklahoma there is a new debt collection agency. It's only been operating for a year, so there's no real proof that the owner is actually making more money than his competitors, so we'll have to wait a while to see how things work out, but the concept is exciting.

The company founder works on a basic premise: people who are in debt don't have any mone