I read the article because it was shorter than the comments. It seems the problem here is predatory lending. Getting a loan for $500k and then being paid $380k because they took payments out sounds very much like a Ukranian Mafia loan shark technique I just read about in Jack Reacher - Blue Moon.
Daily discussion thread: 🦁 Friday, May 24, 2024
'Think carefully before you sign': Mia lost her family home after taking on a small business loan with $100,000 interest (www.abc.net.au)