WHITEPAPER Why Unpaid Debt Occurs Considered to be one of the oldest professions, debt collection got its start in Babylon in 3000 BC. When a debt became delinquent the debtor along with their family became slaves of the creditor until the debt was paid. During early colonial America days, the practice of debt collection by slavery was replaced by debtors’ prisons. When a person didn’t have adequate property to cover the debt, they were sent to prison—where they were forced to to provide their own food and clothing. Unfortunately, providing for themselves was virtually impossible, leading to debtor’s dying from the elements or lack of nutrition. This, of course, resulted in creditors being unable to recover outstanding debts. Unsurprisingly, debtors’ prisons were deemed a failu

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