(Stoller 2012) Towards a creditor state


Stoller, Matt. Towards a creditor state: one in seven Americans pursued by debt collectors. Naked Capitalism. 2012 Feb 28. Available from: http://www.nakedcapitalism.com/2012/02/matt-stoller-towards-a-creditor-state-%E2%80%93-one-in-seven-americans-pursued-by-debt-collectors.html. Accessed 2012 Mar 3. Archived by WebCite at http://www.webcitation.org/65uGwaY5E.

Stoller notes that the fraction of Americans with debts in third-party collection has doubled in the past decade, and is now slightly over 14%. He also remarks on the increasing aggressiveness of the collection process. There has been a de facto revival of debtor’s prison. To Stoller, all of this “suggests we live in a different country than we did just ten years ago.”

 

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