Especially when the debt was resold for a small percentage of what you owed, and entity you borrowed from absolutely refused to negotiate with you in any way that would allow you to pay them back at a reduced cost, or even at less than 20%+ interest and late fees. (Eg: Standard Operation Procedure at Bank of America.)

I feel very similarly, and even though I can rationally understand how I'm still morally on the hook, the disreputable nature of the debt industry changes my outlook on the scenario substantially.