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Unpopular opinion, but I really respect this profession and people making the most of their circumstances. My girlfriend had a shitty landlord that withheld her
by TACIXAT 8y ago
Unpopular opinion, but I really respect this profession and people making the most of their circumstances. My girlfriend had a shitty landlord that withheld her deposit. She won in small claims court. She had no way to get the money after that. I have very little sympathy for people who owe a debt to be collected upon. Especially when they've signed the papers allowing it.
Also good on this guy for increasing his income from 90k a year to 1m.
- ceejayoz 8y agoI take it you missed the first article in the series? > It’s like an arbitration agreement, except the borrower always loses. Armed with a confession, a lender can, without proof, accuse borrowers of not paying and legally seize their assets before they know what’s happened. Not surprisingly, some lenders have abused this power. In dozens of interviews and court pleadings, borrowers describe lenders who’ve forged documents, lied about how much they were owed, or fabricated defaults out of thin air. > It said the Duncans had stopped making payments. That wasn’t true. The Duncans’ bank records show that Yellowstone had continued to get its daily $800 even after going to court. The company’s sworn statement also inflated the size of the couple’s debt. These loans are like a slumlord requiring a "I confess to all future claims of damage to the property, agree to not contest eviction, and will still pay the entire year's rent if evicted" before the lease starts.