Smart money

A Spanish debt collection agency has its bailiffs wear tails and top hats to inflict an extra, attention-grabbing dose of embarrassment when they repossess property.

The company is called El Cobrador del Frac, which translates as debt collector in tails, and business has been booming since the economy fell into near-recession over the past year.

Demand for its services is up 40% compared to last year and the firm plans to boost its staff of 500, spread throughout Spain and an office in Portugal.

Share this article

Send this article to a friend »

• Del.icio.us
• Digg
• Reddit
• Facebook
• StumbleUpon

What are these?