I heard this is the new tactic by collection agencies. They try to get you to pay some tiny amount on a debt long off your credit report and as soon as you pay 1$ it becomes active again on your CR as a debt in collections.

Not sure how true it is.

They're probably valid debts and I imagine that's how a lot of people end up in this study. They moved and lazy billing/collections just fire out to whatever address they have and the person is unaware the debt exists until they try to go buy a car or something.

See above, basically if a company "verifies" the debt you are boned without getting the courts involved.

I had a like problem with AT&T long ago. I had proof of payment and spent months trying to resolve it but they were basically like "f you pay me". It went to collections and basically the same run around. Years later I was buying a house and ended up paying the friggin thing because I had a short window and really no recourse other than taking them to court.

Once you have something go into collections it is always there until you pay it. (medical bills/school debt probably drives a lot of this)

You're only 30-90 days lat for a short period.

"Many consumers were burned for relatively small amounts -- about 10 percent of the debts were smaller than $125, Ratcliffe says"

This kind of thing probably drives the numbers way up too. That late fee from blockbuster, etc.

They investigate retail fraud/theft now? Don't they have better things to do? You would think once discovered it would be pretty easy for the store to identify the person and forward the information to the police.

You must be a blast at parties.

Pretty sure I was passing 1Mb per sheet when I was 9.

When I got assigned sentences when I got in trouble I would write them as small as possible to be a little jerk.

See here: http://slashdot.org/comments.p...

I take issue with the statements not the man.

I wasn't speaking to his intelligence I was referencing his statements that are blatant sales pitch or mission statement type quotes. It's the same thing we have seen all over the internet about how this new idea is going to be great because...bitcoin.

I fully expect he will (has) make a profit off of his investment.

I guess I can be proven wrong if someone explains to me how "no one is totally secure in holding their own country’s currency". I mean I have never really met anyone who isn't totally secure in the dollar.....well except a couple of the nuts who hoard guns because Obama is setting up fema camps.

I think they might have a leg to stand on here. He's probably taking all of his contacts with him so to speak. That's not like some C++ developer taking his learned experience it's a person who can directly and immediately affect their business by poaching customers. I'm sure they're all going after the same "big fish". And those are multimillion dollar contracts.

My guess is that they are basically trying to block him from doing that.

Non-competes are usually completely useless HR drivel, but in this case it seems like it's a necessary evil, otherwise every employee can obtain and then resell (by proxy of employment) customer information.

Yea, this guy is proof that vulture capitalists are no better than the retards trading pink sheets and posting on the yahoo finance forums about how strong their portfolio is.

His quotes read like something from the onion.

...Machines, get yours here at the low price of $45k. Don't bother asking for any proof of concept or supporting data.

I wonder if the guy paid in bitcoin.

More regressive taxes! Maybe we can cut out the middle man and just enslave the working poor to rebuild our infrastructure.

If a more reputable company for customer service rolling this out would probably be praised but it's comcast so everyone will hate on it. They pretty much have to make it opt out because no one ever reads anything so it would be 1 person per square mile opted in.

I for one would absolutely love having broadband wifi anywhere in my city. But again it's comcast so they will probably charge more for the service, pissing everyone off.