X @Bloomberg
Bloomberg·2025-10-07 10:10
Debt Collection Practices - A debt collector demanded nearly $200,000 on a $98,000 second mortgage that had been canceled 15 years prior [1] - The company foreclosed when the family didn't pay, indicating a business model focused on debt collection [1] Business Model - The practice of demanding payment on canceled debts and foreclosing is presented as a deliberate business model, not a mistake [1]