Tuesday, June 7, 2016

Last Week Tonight with John Oliver: Debt Buyers (HBO)

“Debt-buying is a grimy business and badly needs more oversight, because as it stands any idiot can get into it. And I can prove that to you because I am an idiot and we started a debt-buying company,” said Oliver. “And it was disturbingly easy.”
John Oliver has a “giveaway” at the end of this 20-minute video on debt collectors which news sources are saying is the largest one-time giveaway in television history  - $15 million in medical debt helping out 9,000 Americans. A giveaway that even surpasses Oprah's $8 milion value free-car giveaway to each of her 276 audience members (remember that one?)...

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!

Info source: theguardian

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