But because these cases aren't reviewed, debt is often created out of nothing. For example if the debt has expired or was even paid, the debt changes hands, and they file a law suit somewhere, there is the real chance the debt is brought back to life in full. And if it doesn't work that time, the debt is just sold off to the next collector to try it again.

Yes, he spoke about "zombie debt" in his segment. "Brought back from the dead" is true only if it was dismissed or past the statute of limitations for collection. It's not "brought back from the dead" if you had collectors calling and then they stopped calling and now they continue calling. You still owe that money and you're responsible.

Do you ever wonder why somebody would extend you a 30 day unsecured 0% interest loan (credit card)? Or a 15-25% interest unsecured rolling loan to someone with little or no credit history? You can choose to make policies that make it harder for creditors, but you can't pretend that won't impact the borrowing rate or the access of credit to many Americans. The idea that you can't buy and sell receivables seems silly.

I agree that some of the reasons people collect debt is unfortunate and unjust. But people need to be responsible and we need reasonable laws that prevent harassment.

Debt should be resellable, but only with clear protection of both parties. That's impossible for "cents on the dollar" on a spreadsheet. At that point it's hardly even a benefit for the original creditor.

In many cases, creditors should be more picky about whom they lend money too. Especially if they can't afford ethical collection the question becomes: Should this company even be giving credit?

If it's not worth taking the time to ensure the most basic of due diligence is taken, then you shouldn't be able to contact anyone about the debt.