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Podcast: Wharton FinTech Podcast
Episode: Upending the $15B Debt Collection Industry with Ohad Samet, Founder of TrueAccord
Description: "The most contrarian take I have is that there is value in working with consumers in debt."
Here are a few stats for you:
- The average US household as of November pays almost 9% of its income to debt
- Total household debt reached $14.35 trillion this fall per the New York Fed
- The average person in debt owes money to 4 different lenders
The current process for debt collections  --  a highly sensitive, case-by-case, and often life-defining financial situation -- has not evolved much in the last 50 years. The process is still how most would imagine…a collections team is assign...