[calumniate]

The big point I think he failed to follow up on is how weak the bookkeeping is on these purchases and sales of debt. I listened to another show that spoke about how these creditors will often take someone to court, but have no real legal leg to stand on as they won't have any supporting documents to do with the debt.

And while stretching it a bit, to say that the books and sales are only kept in excel isn't really too far off the mark. That's why scare tactics and these other strategies continue to be relied upon - their own internal processes buying and selling debt creates a giant legal loophole for a debtor to jump through (should they be willing to show up in court).