Why do banks sell off zombie debts to the highest bidder?
@lookatdesktop (27156)
Dallas, Texas
June 6, 2017 4:36pm CST
I keep getting hang up calls from the worst type of person on earth, a bill collector, not just any kind, but A ZOMBIE DEBT COLLECTOR.
They pay people to harass you by phone, by calling constantly your number and trying their utmost to pester you until you give in to their demands.
don't do what I just did. It was wrong. I only got more repeat calls. They do this to anger me. They are about the 30th zombie debt company to have our name and number passed along for pennies on the dollar. Their waste of money, not mine.
It is like being barked at by a dog chained to a fence that can't stand the fact that you are walking by, only it's doing it by having a robot call you first until a human response triggers the switchboard system to open a line to a real person, who first of all don't bother telling you who they are at first, only that they know your first and last name and ask to speak to that person. They will not identify themselves. If you put out money on your own to get CALLER ID service enabled to your phone at home, you will only see that familiar phrase on the caller ID device, "Unknown Caller" or "Unavailable" or some other thing that tells you that you are paying for a service that the telephone company already knows you can't use to block or identify callers who deliberately use tactics to remain annonymous.
The guy at the other end is paid a salary to harass and call you every day o fyour life and for some reason they pay pennies on the dollar to get your number just because you once upon a time, over 2 decades ago, bought a desktop PC by using a credit card and failed to keep up payments and had to get a lawyer to get your bankruptcy taken care of only to learn that just because you missed one of your accounts, in the process, that one unpaid debt you forgot to mention in the process was one that you first thought was taken care of by agreeing at the beginning to pay off a debt to a bank interest free at ten dollars a month until the debt was cleared, but the bank wanted it all now. They sold your name to a zombie debt collector hoping to get a percentage. They called you up every day for years and years and submitted letters threatening you to pay up or deal with an accumulated interest fee that would take a 1000 dollar debt to become a 30,000 dollar debt, even though you know you already agreed to pay that 1000 debt off at ten dollars a month until it was clear and the bank knows you did this and was not complaining about it the first few months, hoping they could get you to pay up, in spite of your agreement in paper to pay it off in time. The way they do things , I mean, banks, is they deliberately find people with low incomes and offer a credit of a low dollar amount at first until you maintain in good standing by paying off your monthly debts at 11 percent interest, then in a few months, tell you they have raised your qualified credit limit from 500 dollars to 2000 dollars. Oh boy, you think, this is grand, Now can pay off that car loan or get that living room suite I was waiting for all this time. Then they increase the interest rate from 11 percent to 21 percent. Then it gets to be You pay them more every month and eventually reach the point that you will never be able to pay off the total debt because you have no more financial assets to do so.
It's like getting a person hooked until they become a life long debt carrier and banks don't care they like having you as their devoted and member in good standing, friends for life, right? NOT.
2 people like this
2 responses
@TiarasOceanView (70020)
• United States
6 Jun 17
Yes it is a big scam industry the whole thing.
Credit is dangerous for sure.
I dont get it why anyone wants to buy debts and then proceed to harass people and never get paid anyway.
Luckily I don't get those calls.
1 person likes this
@lookatdesktop (27156)
• Dallas, Texas
7 Jun 17
It's good Karma not to ever get into debt. Bad for me because in spite of hindsight, I will never hear the end of it. Zombies never die. 

1 person likes this
@TiarasOceanView (70020)
• United States
7 Jun 17
@lookatdesktop Oh sorry to hear that Anthony..Is there no way around this problem to stop them from calling, some legal protections?
I know it is stressful and all to deal with all that but surely someone or something can help.
And I know income dictates how much help you can get.
@dragon54u (31633)
• United States
6 Jun 17
It is illegal for them to harass you like that. Do you have their number so you can report them to your state's district attorney?
1 person likes this
@lookatdesktop (27156)
• Dallas, Texas
7 Jun 17
I can't get myself to become involved on a legal level. It is just too stressful for me. I know, it is my fault for not doing something. I really think I am going to eventually take some legal action but not sure exactly how it will work out.
1 person likes this



