A consulting project involved a credit card " bottom feeder" (let' s call it Credit Wonder). This company bought credit card accounts that were...

A consulting project involved a credit card " bottom feeder" (let' s call it Credit Wonder). This company bought credit card accounts that were written off as uncollectable debts by major banks. Credit Wonder would buy the write-off accounts for 1 or 2 percent of their value and then would call the owners of the written-off accounts and " offer a deal" to the credit card account holders.