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Re:Lightroom app update wipes users' photos and presets, Ado... by mattmanser on Friday August 21, 2020 @05:58AM (#24233536)
These are debt collectors, you've definitely heard of them, and they're all super shady. This is just how it works.

A normal business, say your bank or you energy supplier or your software supplier, will try and recover a debt with some basic attempts. But then they'll bundle together all their debts and sell them to debt collectors for pennies on the pound.

Don't know why they're called a factoring company in Holland.

Re:Lightroom app update wipes users' photos and presets, Ado... by Someone on Friday August 21, 2020 @08:51AM (#24234442)
Because that’s what it’s called in English. https://en.wikipedia.org/wiki/Factoring_(finance):

“Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount“

Re:Lightroom app update wipes users' photos and presets, Ado... by mcv on Friday August 21, 2020 @07:06AM (#24233855)
> "Don't know why they're called a factoring company in Holland."

To me it sounds like a bad translation. "Invoice" in Dutch is "factuur". "Facturering" is the process of sending an invoice. I have often encountered the word "factoring" as a supposedly-English translation of it.