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beware of new tricks on old debtors

Apparently datamining techniques used on large piles of cheaply purchased old debts is turning into a major business opportunity for unsavory characters. It’s one thing to go after people who still owe money, but these companies are commonly going after people whose debts have passed the statute of limitations, and are even able to illegally influence our mysterious yet all important credit rating while they’re at it.

Crap, this doesn’t even have to be an official business; just take this home-brew if you need a new kind of Start Up business. There are already phreaks out there cold-calling to get AmEx numbers. Why not skip ahead a step, purchase a list of old debtors, and actually have a foot to stand on?

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