9 votes

Checkmate: Prosecutors team with debt collectors to terrorize consumers

Julie Orr has plenty of reasons to bounce a check.

In just a few years, she's gone from running a successful advertising business to being a single mom on disability. Hers is a dilemma of American life: A leg injury keeps her from working, but she can't afford the surgery without health insurance.

Yet Orr says her woes didn't lead her to write a bum check at the grocery store. "Sure, we've fallen on tough times," says the 54-year-old from Riverside, California. "But I've never bounced a check before in my life. I've always been on top of my finances."

Accidentally overdrawing one's bank account isn't a crime. It is, however, a hyper-lucrative business, allowing banks to collect $30 billion a year in overdraft fees while their customers frantically swim back to the surface. Such is the bounty of faulty math.

More: http://www.dallasobserver.com/2013-01-24/news/checkmate/full/




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Just do the Alex Pack for 90 days.

The surgery avoided for about $300. No Risk.

Nutrition is the key to repairing the body.

Free includes debt-free!

Debt collection agencies are all illegitimate.

This letter will stop them from harassing potential victims:

http://www.dailypaul.com/267690/letter-to-send-the-irs-and-a...

Also I'm 2 for 2 in getting them to stop calling me by letting them know that trying to extract money from someone over the phone from another state is interstate wire fraud, an FBI issue (sorry the house burned down and I can't return that Simon and Garfunkel box set).

watch The Panda/NAFTA Connection
tonight @ 9:00, 8 central