X @Bloomberg
Bloomberg·2025-10-07 16:00
Debt Collection Practices - A debt collector demanded nearly $200 thousand from a family fifteen years after their $98 thousand second mortgage was canceled [1] - The company foreclosed when the family didn't pay, indicating a business model [1] Potential Risks - The situation described is not a mistake but a business model, suggesting potentially predatory practices within the debt collection industry [1]