Bad Paper

Jake Halpern

The Federal Commerce Fee receives extra complaints about rogue debt accumulating than about any exercise moreover id theft. Dramatically and entertainingly, Unhealthy Paper reveals why. It tells the story of Aaron Siegel, a former banking govt, and Brandon Wilson, a former armed robber, who change into companions and go in quest of “paper”—the uncollected money owed which might be bought off by banks for pennies on the greenback. As Aaron and Brandon be taught, the world of shopper debt assortment is an unregulated shadowland the place operators usually make unwarranted threats and even accumulate money owed that aren’t theirs.

Introducing an unforgettable solid of strivers and rogues, Jake Halpern chronicles their lives as they handle high-pressure name facilities, hunt for paper in Las Vegas casinos, and meet in parked automobiles to promote the social safety numbers and account data of unsuspecting shoppers. He additionally tracks a “package deal” of debt that’s stolen by unscrupulous collectors, resulting in a dramatic showdown with weapons in a Buffalo nook retailer. Alongside the way in which, he reveals the human price of a system that compounds the troubles of hardworking People and permits banks to disregard their former clients. The outcome is a crucial exposé that can be a bravura feat of storytelling.