CW17: Inside Job – Is the Debt Collection System Rigged Against Consumers?

Recently I watched the documentary “Inside Job” that discusses the build up and collapse of the financial system in 2008. It reminded me a lot of the debt collection system and how it tends to chew up consumers who aren’t aware of the rules of the game.  Whether it is the insane interest rates charged on pay day loans, to wrongful repossessions, to court’s rubber stamping eviction proceedings or debt collection lawsuits, the “system” is not your friend and if you don’t know what you are doing it likely will not end well.

In today’s episode of the Consumer Warrior Podcast I discuss how the system is rigged against consumers, what you can do to fight back, and why it is so important to assert your rights.

Mentioned in this Episode:

“Debtor’s Hell”  Boston Globe, 2006.