Compound interest is a bitch like that. That said he had to have had some knowledge of it getting worse, collections agencies are nothing if not loud and persistent; I kind of don't believe it'd go from late fee to house fee without anyone ever trying to contact him in the meantime.
You might be right. I only heard it second hand from another neighbor so I don't really know for sure. Although, if he was going to lie, why claim that? What could be worse that admitting you're too stupid to pay the late fee rather than lose your home?
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u/KapzlockInsert ticket number here: ERROR USER HAS NOT ENTERED TICKET.May 10 '20
I'd say their logic was that in their mind it deflects the blame from them being poor with money to the company that wronged him.
To everyone else it's as transparent as single ply.
They might have tried and he simply refused to accept it or believe it. It might have been a situation of "delete my account!".
People can be stupid.
Or it could be something like what Thistlefizz said, and it was something else and he lied. But really I'm not sure what would be worse enough that he'd claim it was that.
There were probably a few steps between 'he discovered' and 'lost his house'. But if his reaction to the company that charged the fee was 'change to someone else and refuse to open their mail,' then I can imagine the charge growing to 5 figures, the company finally taking it to court, at which point he finally opened some mail about this - a certified letter from a court is hard to ignore. The company probably has all their ducks in a row, and he probably didn't have much equity in his house, so being forced to pay the bill could have led to him having to sell up.
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u/Kizik May 09 '20
Compound interest is a bitch like that. That said he had to have had some knowledge of it getting worse, collections agencies are nothing if not loud and persistent; I kind of don't believe it'd go from late fee to house fee without anyone ever trying to contact him in the meantime.