Bad Paper - Chasing Debt from Wall Street to the Underworld-logo

Bad Paper - Chasing Debt from Wall Street to the Underworld

Jake Halpern

Jake Halpern introduces us to a former banking executive and a former armed robber who become partners and go in quest of "paper" - the uncollected debts that are sold off by banks for pennies on the dollar. As Halpern shows, the world of consumer debt collection is a wild and unregulated shadowland, where operators may misrepresent a debtor's situation, make illegal threats, and even lay claim to debts that are not theirs to collect in the first place. Halpern follows his collectors as they intimidate competitors with weapons, manage high-pressure call centers, and scheme new ways to benefit from Americans' debt-industrial complex. He also explores the history of collection agencies and reveals the human cost of a system that leaves hardworking Americans with little opportunity to retire their debts in a reasonable way.

Jake Halpern introduces us to a former banking executive and a former armed robber who become partners and go in quest of "paper" - the uncollected debts that are sold off by banks for pennies on the dollar. As Halpern shows, the world of consumer debt collection is a wild and unregulated shadowland, where operators may misrepresent a debtor's situation, make illegal threats, and even lay claim to debts that are not theirs to collect in the first place. Halpern follows his collectors as they intimidate competitors with weapons, manage high-pressure call centers, and scheme new ways to benefit from Americans' debt-industrial complex. He also explores the history of collection agencies and reveals the human cost of a system that leaves hardworking Americans with little opportunity to retire their debts in a reasonable way.
More Information

Genres:

True Crime

Description:

Jake Halpern introduces us to a former banking executive and a former armed robber who become partners and go in quest of "paper" - the uncollected debts that are sold off by banks for pennies on the dollar. As Halpern shows, the world of consumer debt collection is a wild and unregulated shadowland, where operators may misrepresent a debtor's situation, make illegal threats, and even lay claim to debts that are not theirs to collect in the first place. Halpern follows his collectors as they intimidate competitors with weapons, manage high-pressure call centers, and scheme new ways to benefit from Americans' debt-industrial complex. He also explores the history of collection agencies and reveals the human cost of a system that leaves hardworking Americans with little opportunity to retire their debts in a reasonable way.

Language:

English

Narrators:

Qarie Marshall

Length:

6h 38m


Chapters

Chapter 1
Chapter 1

00:57


Chapter 2
Chapter 2

04:21


Chapter 3
Chapter 3

04:33


Chapter 4
Chapter 4

05:59


Chapter 5
Chapter 5

05:11


Chapter 6
Chapter 6

05:06


Chapter 7
Chapter 7

04:53


Chapter 8
Chapter 8

04:50


Chapter 9
Chapter 9

05:30


Chapter 10
Chapter 10

04:38


Chapter 11
Chapter 11

03:38


Chapter 12
Chapter 12

04:24


Chapter 13
Chapter 13

05:39


Chapter 14
Chapter 14

04:40


Chapter 15
Chapter 15

05:50


Chapter 16
Chapter 16

06:17


Chapter 17
Chapter 17

05:32


Chapter 18
Chapter 18

04:44


Chapter 19
Chapter 19

04:42


Chapter 20
Chapter 20

05:07


Chapter 21
Chapter 21

04:59


Chapter 22
Chapter 22

05:09


Chapter 23
Chapter 23

04:59


Chapter 24
Chapter 24

03:38


Chapter 25
Chapter 25

04:07


Chapter 26
Chapter 26

04:35


Chapter 27
Chapter 27

05:28


Chapter 28
Chapter 28

04:36


Chapter 29
Chapter 29

05:57


Chapter 30
Chapter 30

03:22


Chapter 31
Chapter 31

04:18


Chapter 32
Chapter 32

04:53


Chapter 33
Chapter 33

06:01


Chapter 34
Chapter 34

05:07


Chapter 35
Chapter 35

03:38


Chapter 36
Chapter 36

05:40


Chapter 37
Chapter 37

04:52


Chapter 38
Chapter 38

04:00


Chapter 39
Chapter 39

05:24


Chapter 40
Chapter 40

06:43


Chapter 41
Chapter 41

06:12


Chapter 42
Chapter 42

05:37


Chapter 43
Chapter 43

05:23


Chapter 44
Chapter 44

05:15


Chapter 45
Chapter 45

05:08


Chapter 46
Chapter 46

04:43


Chapter 47
Chapter 47

05:24


Chapter 48
Chapter 48

05:16


Chapter 49
Chapter 49

05:16


Chapter 50
Chapter 50

04:23


Chapter 51
Chapter 51

04:56


Chapter 52
Chapter 52

05:13


Chapter 53
Chapter 53

03:54


Chapter 54
Chapter 54

06:28


Chapter 55
Chapter 55

04:34


Chapter 56
Chapter 56

06:14


Chapter 57
Chapter 57

04:02


Chapter 58
Chapter 58

03:15


Chapter 59
Chapter 59

04:20


Chapter 60
Chapter 60

05:36


Chapter 61
Chapter 61

05:06


Chapter 62
Chapter 62

06:55


Chapter 63
Chapter 63

04:17


Chapter 64
Chapter 64

05:26


Chapter 65
Chapter 65

03:06


Chapter 66
Chapter 66

05:42


Chapter 67
Chapter 67

05:13


Chapter 68
Chapter 68

04:45


Chapter 69
Chapter 69

05:31


Chapter 70
Chapter 70

04:35


Chapter 71
Chapter 71

04:52


Chapter 72
Chapter 72

05:22


Chapter 73
Chapter 73

06:12


Chapter 74
Chapter 74

04:55


Chapter 75
Chapter 75

05:03


Chapter 76
Chapter 76

05:00


Chapter 77
Chapter 77

04:54


Chapter 78
Chapter 78

05:20


Chapter 79
Chapter 79

05:15


Chapter 80
Chapter 80

05:07


Chapter 81
Chapter 81

00:37