X @Bloomberg
Bloomberg·2025-10-06 23:00
Debt Collection Practices - A debt collector demanded nearly $200,000 on a $98,000 second mortgage that was canceled 15 years prior [1] - The company foreclosed when the family didn't pay, indicating a deliberate business model [1] Business Model - The practice of demanding exorbitant amounts on old debts and foreclosing is presented as a business model [1]