[fred_durst]

I feel like I would be safe saying 99%(if not all) of this paper is not small business paper. These are the debts that are sold off in large parcels by banks and credit card companies.

Small businesses typically use flat fee collection agencies and rarely charge of the debt like this. Part of the reason is because to a small business charging off $10K in debt is going make them a couple hundred bucks at most.

There is no "little guy" getting stiffed by bad debtors in this story.

[BallinBige]

Whats interesting is that most small collection agencies are getting squeezed out, due to the high cost of regulation.