This looks like debt peonage in spirit, if not letterhttp://www.nytimes.com/2015/12/23/business/dealbook/sued-over-old-debt-and-blocked-from-suing-back.html …
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Replying to @vgr
'[FTC], which examined 5,000 portfolios of debt purchased by the nation’s largest debt buyers, found that only 12 % included documentation"
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Replying to @vgr
Sometimes it seems like people should have to pass a licensing test on compound interest and basic contract law or be restricted to layaway
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Replying to @vgr
I suspect if we dropped licensing for driving privileges, and introduced it for accessing consumer credit, lives would be saved, net.
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Replying to @vgr
To 1st order, writing contracts in Legalese instead of English is effectively a deceptive business practice w.r.t 90% of "literate" adults.
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Replying to @vgr
If the service you offer legitimately requires Legalese rather than English to adequately manage risk, it's too complex for most to buy
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.@james_downes lol, I work very hard to keep my consulting contracts down to 1 page that I craft myself :D
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