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Occupy Wall Street activists buy $15m of Americans' personal debt


Stashed in: America!, economics, @iamjohnoliver, Movements

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It turn out that the medical debt is being sold at 5 cents per dollar.  How many Americans could actually settle their medical debt if they realized that they could settle for a lot less money.

A lot. We need to demand the laws change to accommodate this.

John Oliver also retiring bought medical debt:

http://pandawhale.com/post/72143/john-oliver-just-forgave-15-million-in-medical-debt-and-exposed-the-debt-buyers-industry

He bought $15 million in debt for $60k.

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