Business, Spoken

Silicon Valley Wants to Use Algorithms for Debt Collection


Listen Later

Consumer debt, credit card debt, and personal loan debt are at all-time highs. Meanwhile, investors who purchase debt for cents on the dollar and then try to collect the whole amount, and the collection agencies they hire, are getting increasingly aggressive. One in four consumers contacted by debt collectors feels threatened, and most consumers say the calls persist even after requests to stop, according to a 2017 study by the Consumer Financial Protection Bureau.

Learn about your ad choices: dovetail.prx.org/ad-choices
...more
View all episodesView all episodes
Download on the App Store

Business, SpokenBy WIRED

  • 4.1
  • 4.1
  • 4.1
  • 4.1
  • 4.1

4.1

49 ratings


More shows like Business, Spoken

View all
Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,246 Listeners

Science, Spoken by WIRED

Science, Spoken

58 Listeners

What's New by WIRED

What's New

102 Listeners

Security, Spoken by WIRED

Security, Spoken

61 Listeners

Citadel Dropouts: a Game of Thrones Podcast by WIRED

Citadel Dropouts: a Game of Thrones Podcast

77 Listeners

Barron's Streetwise by Barron's

Barron's Streetwise

1,573 Listeners