I've been considering this issue further.The problem is that desperate people are often easily exploited. Throw a drowning person a rope and they will grab onto it, even if there's an anchor at the other end.Debt collectors are dealing with one variety of desperate person, and helping to create a sense of desperation.If they create that sense of desperation and then link it to other kinds of actions they may induce people to take poorly conceived options.Here's a similar example of that ---- dentist who offer patients lines of credit at poor terms in order to get people to sign up for loans when they are vulnerable to suggestion. http://www.nytimes.com/2013/10/14/business/economy/patients-...Seattle Pioneer
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra