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Finance allah shmoop what is the fare debt collection practices

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act fair debt collection That doesn't sound like a euphemism

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for the guys with the baseball bats who knocked gently

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on your door and talk with you quietly about your

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poker losses there Well that whole goodfellas thing became such

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a problem that the feds had to get involved in

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established rules as to how far those guys with the

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baseball bats could go and they came up with the

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following a they can't use them the baseball bats to

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hit your knee caps anyway if you don't pay your

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bills be they have to listen to your pushback on

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like a safe space is literally safe Space is not

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like the kind of uc berkeley so they can't call

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you at work and castle you thereabout bills if you

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tell them not to and see they can't call you

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at home in the middle of the night or bang

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on your door at two a m and wake the

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kids and terrify you about your bills that you owe

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you owe well basically this act which became law in

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nineteen seventy seven established the notion that even if you

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really are a total deadbeat somebody who was stupid enough

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to loan you money like you don't pay your bills

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you promised to pay them and you just don't you

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don't pam back You don't care about your honor self

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respect you're a deadbeat but the feds took the perspective

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that wealth Somebody was stupid enoughto loan you that money

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in the first place and they can on li yu's

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quote fair means unquote to collect the money you promised

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to pay them back So what's fair Well this is

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fair and this is not fair They're not they're they're

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not fair All right you get the picture paid your 00:01:41.055 --> [endTime] bills

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