That would literally be the best. It would probably take a while to do that though. And you would probably not be able to just buy it specifically. You'd probably need to buy it in a huge bundle and even then you would not have any way of knowing if your debt was actually inside of that bundle before buying it. So it is probably less than practical, but awesome to think about.

I guess depends on where you live?

holy fuck you're a genius

Here is a thought, just because you guys got me started... Create a company, from Mississippi or Texas, for example. Then start purchasing debt. Email the people directly and offer them the opportunity to buy and forgive their own debt (plus 5%, for the operating cost of the business). Group your company with other non-profits and debt charities. Set up "Go Fund Me" pages and the like. Set up Micro Loans as an alternative revenue stream to fund the core of the company. Just off the top of my head...because...why not...

James Taylor Hmmm... That is a great idea, at least on the surface. You would need some capital to get it going, and you might have some serious trouble from other debt collectors. I assume they would probably quit selling to you. It would also require some more strings attached once you were actually getting business. For instance, it would probably be hard to contact so many people in a timely manner to collect money that could then be used to forgive future debts. But why not do it long enough to help out some people?

yea...that cracked me up lolol

God shave John Oliver!

Knowing John's regard for HBO's budget, that was probably real money.

Awesome!!!!

For real? Good stuff!

@@LPChipi talkshows are some of the cheapest shows to make. A quick Google showed got cost 6 million an episode and 15 million per episode for the last season.

I won't be surprised if the fake bills have John Oliver on its face

I'd go on a show and be like " FUCK OPRAH EVERYONE GETS A HOUSE!" Around $17,000,000 but it would make you a ton of money in advertisement

You ever heard of Mr.Beast?

@@shanegarcia5963 tommrow rush to sale the house and no more money as mortgage for bank america, who sale debt to others, , could have smaller house also all in cash,

I mean yeah at half a cent at the dollar, a single Gates class billionaire could probably forgive all the medical debt in the US without putting a meaningful dent into their bottom line, not to mention how much money they'd free up for people to buy their products.

If they could spend 60k and claim a 17 million tax benefit, then they all would.

Bruh! Is it really you? (reply, and I'll sub)

Wow whats up Tay? PS: I totally called you Zay b4 lol

Hey Tay!!!

Fuck you Tay.

Fuck you Abraham

Praise be!

Praise be

Praise be!

+Bravo1VE Praise Be!

Praise be!

yep, that was really a thing, I mean as he pointed out, it was out of statue so technically there wasn't a legal way to compel any of them to pay,,,,, except the trick he mentioned of send them a court summons (which any lawyer could get dismissed in one motion) hope they don't bother to lawyer up and get it dismissed thus 'making them liable all over again,,,,,,

Hehe, HBO can afford it.

I mean... Kind of? He didn't actually give away $15m as it just wasn't worth that. It'd be like if a 5 year old wrote you an IOU for a billion dollars, they might owe you a billion dollars, but the IOU is definitely not worth that much. But he did give away $60k worth of something, which is still a good thing. Although, they'd also be able to write that off as either potentially a charitable donation or just as a loss on a business investment. Either way HBO will pay less taxes now because of it. So it's not really as big of a deal as it might first appear.

@@--Dan- It is a big deal, you're failing to see the forest for the trees. The fact that debt wasn't "worth" 15,000,000 isn't the point...at all. The point is that now these 9,000 people won't have to deal with a debt buyer contacting them to pay the debt which could be from an injury that took the life of a husband, wife, child, family member. Every time somebody contacts these people to collect the money they relive the circumstances at the root cause of the debt. In that regard, the actual value of the gesture is worth far more than $15 million.

@@trumpnews7798 As I said, it's still a good thing. I'm also saying they could have done just as much, probably more good by just donating $60k to a food bank. Not being able to pay a past debt is undeniably stressful, but even more so is not being able to pay for your next meal. And that donation solves not only the stress, but hunger as well. It's still a good thing, but it's a publicity stunt more than an actual charitable action. Which is fine. Publicity stunts that do actually help people are, as I've said, a good thing. $60k paying off debts is a better thing morally then $60k towards a big musical number in time square, for example.

@ billionaires

@@kukachoo42 It's not just for the rich, anybody could do it. Buy your kid's student-loan debt for pennies on the dollar. 😉

That's a really good idea. Can you get that specific with it? Or maybe someone should start a group to buy up student loan debt and forgive it in general. @@I.____.....__...__

👍👍👍

Best parrot*

Right? Him and his writers impress me every week with their attention to detail and tasteful commentary on social issues facing the U.S.A, love this show! LONG LIVE OLIVER!

+Randooly best parrot working at a bank*

this comment deserves more likes

I hope he made a nice phone call to Oprah at some point. I often wonder how taking shots for cheap laughs are handled in those situations amongst celebrities.

Cheap laughs?

Believe me they all know what he is doing, they are not so uptight as you are they can take a joke. So take it easy. That was fucking funny.

Of course it was funny. Not arguing that. Maybe I should have pasted in 4 smilies. Sheesh. I'm just contemplating how these things are done behind the scenes, 'cause I would love to see the look on John's face if the producers could get Oprah to quietly walk out and stand behind him a few seconds after he shouted Fuck You Oprah, without telling him ahead of time.

taking shots? did u even watch the video or just went straight to the comment section

If you can afford to take these millionaire conglomerates to court

And more specifically. I didn’t agree to pay whatever jackass has the contract. I agreed to pay the lender. So the entire industry is just categorically illegal

@@StealthyDead If you are clearly in the right, would it not be possible to just appear in court by yourself and ask the judge to get them to show the document. No need to hire a lawyer.

@@gaberobison680 no really, cause the contract can legally be transferred....but they are so lazy, they often forget to transfer the initial paperwork...and without that, they cant prove ownership of the debt.

Fun fact. That is complete nonsense. You could not be more wrong.

Every single one of those debts was out of Statute of Limitations and NONE of those people could've been sued. Sounds good on the surface, but this was nothing more than a publicity stunt. Once your debt is out of the Statute of Limitations you cannot be sued for it. You can tell any collection agency to F*** OFF and they can't do anything about it.

They do this with mortgages too. This is why our housing market crashed in '08. The banks sold the mortgages to big banks and then those banks skyrocketed the payments causing a lot of people to lose their houses.

Thanks for telling us about this!

I agree completely. Bernie would have been another FDR.

Sorry to hear about your nephew and I hope his problems are resolved at the earliest. And plus like +Ahmed Ahsanullah mentioned, for me Bernie Sanders is the President that USA needs and possibly one of the world leaders the world must have.

Totally agree with you but I believe things have gotten out of hand or do you think there is a possibility for a Bernie Sanders nomination?

Lol

What a way to put it!

He's an American citizen, so that makes him an American man that is a true American hero. Edit: He hasn't been naturalized just yet, but he still has his green card and its only a matter of time seeing as he lives in New York City, New York, and is married to someone who used to serve in the armed forces.

He's not an American citizen

yea he is and fuck trump

You don't have to be a millionaire. He bought 15m worth of debt for 60k. So that works out to about 4k per 1m. I'm sure over a lifetime you could save 4k

Debt-forgiveness isn't the only way rich people can help, Elong Musk could buy $100k houses free-and-clear for a MILLION FAMILIES and only use less than half of his net-worth.

Every fucking Sunday... It's Game of Thrones, then r\gameofthrones, then John Oliver. Fuck I hate Mondays.

#Mondays4Lyfe

same

Annnnd I have work at 7am....to collect debt on rental cars LOLs

+Zachary Taylor he's just not very bright

Was thinking the same thing. Lol.

"OMFG he flipped a switch and he's gonna kill me" xD.

"Shit dude, I thought we were acting. I didn't sign up for this. "

"...aaaaaannnd cut." "WAIT, HE WAS ACTING? I THOUGHT HE WANTED MY LUNCH MONEY!"

when is the clip I think I missed it?

This is the first time (probably my third(?) rewatch) to realize he was screaming "Open it!" to him~

If you think about it they go hand in hand. Don't have enough money for Jesus? Take out a high interest Jesus loan.

plot twist, he's actually collecting the debt and funneling it through the church in order to not pay taxes. he is quite the entrepreneur.

@@kadafi4lyf hiding in plain site

Don't forget his pregnancy crisis center(ON WHEELS)

Wow - a garbage human for sure. Carpet bagging false Christian.

???? ❓ what

The size of the button is of the utmost importance. Everyone knows that the larger your buttons, the better you are

This sentence just keeps getting better!

The largeness of that button was ABSOLUTELY necessary. :3

He has the biggest buttons, the best. No one has a bigger button than him.

literally the bare minimum a government could provide its people

But guys, it's so expensive it would bankrupt the country. We NEED that money for the military and bailing out the banks and corporations.

@@Hydrophilic Companies: let's Rob people of their money Government: I'll bale you out if you get in any trouble Military: definitely gets too much budget for developing weapons that rarely get used Government: more funding to the military "for the troops"

They also listen to their churchianity preachers.

@@Hydrophilic I sense sarcasm.

Same, it is a shame i dont have money (yet)

things to do if you win the lottery (or invent something fucking amazing)

Crowd source that shit man, I'm too lazy to do it.

Agreed. I hope more people with money do as John Oliver did here. It's pretty amazing the sheer scale of it.

If I had money I would put hits out on the greedy starting with Rothschild.

I'm still glad they didn't turn those 21 cents into a ridiculous amount like a thousand because of "interest" or some bullshit. Still sucks that you lost a day's pay.

Spent hundreds for pennies You have to spend money to make money

I would've just gotten some popcorn and watched the whole thing unfold

@How to change name? their hope is that you lose money on attorney's fees for winning the case, and that you're still in the position to get financially screwed by those costs, putting you back into debt & perpetuating the cycle of debt to buy. It's explicitly anti-consumer because it only exists to harrass the poor and keep the boot of capitalism firmly pressed upon their neck as they pretend they're a successful business and not an "illegal outside of the US" bounty hunter ring.

Should've flipped a quarter to the attorney and told him to keep the change. Wearing sunglasses wouldve made it look really cool. Or dumb. Prolly dumb.

Every single one of those debts was out of Statute of Limitations and NONE of those people could've been sued. Sounds good on the surface, but this was nothing more than a publicity stunt. Once your debt is out of the Statute of Limitations you cannot be sued for it. You can tell any collection agency to F*** OFF and they can't do anything about it.

yess

#Cropdusting

Best comment ever

You get to keep your car! And YOU get to keep your car! EVERYONE GETS TO KEEP THEIR CARS!!

iunderstoodthatreference.jpeg

he'll find a way, he'll find a way.

"I hope they cancel Oprah!" "You take that back!"

***** Thanks, i like urs too

fantastic

Last week tonight, or John Oliver? Or both....

He wouldn't be doing shit that awesome without his team.

Funny; I started to tear up also at the end. I thought, how silly of me, but then I scrolled down to look at the comments and yours was the first one, confirming I wasn't alone in my emotions and feelings about what I had just watched. And I'm a 58yr old straight male. Nice to know there are others with a conscience, when I was starting to give up on my fellow man. Thanks.

I was going to comment the same thing, this is amazing, :')

Nope. The feels are real.

Consider this too: Oprah could have either: -Put the cars down as "gifts" rather than "prizes" on the books, which would drastically have reduced the taxes winners would have to pay for their cars. -Just paid the taxes herself. She then said "why should I have paid?" Oh yeah, she has a point. I mean why should she cover the tax bill when she already paid so much for the cars in the first pla- *oh wait, she didn't.* The cars were given to the show for free from the manufacturer.

@@TheSecondVersion oprah is evil. but most people are too stupid to see her for what she really is.. she has and will continue to pay her dues to the organizations that helped her into that saddle. and to get her on the point where she is now. she is a >talkshow host that is a multi-billionaire.. < and people think there is nothing suspicious about that?? she can inject her poison to guillable women and some men all over the world, and everyone loves her for it. she is one of the first and one of the biggest worldwide influencer, and she roll with what scripts are given to her to say.. poisoning the public opinions about pretty much anything, making the abnormalnormal, and let the troubled stars of the hook,(if oprah can forgive said star?? then who are we?) having no problems with prosperity gospel doctrine of course,.. she is like the george soros of talkshowhosts. and even now she continues to play a mayor role in anything toxic. they eat it up hook line and sinker.. oh well

@@redsampler2017 not to mention the time she set a swarm of bees upon her audience

@@obliviousotterI that is a nice meme indeed ;-)

@@redsampler2017 all over the world? At least in Latin American we dont care for her. We have Caso Cerrado 🤣

He might not have been earning seven figures at the time of this episode. He probably was, but maybe not. He definitely is now.

Awesome!

I completely agree with you. I used to work as an English language correspondent for a news company back when I lived abroad, and personally had some experience with shitty media personalities who kinda talked out of both sides of their mouths so to speak. I don't pretend to know whether or not John oliver's like that, but it's a little more common than people think. In my personal experience, the media company I used to work for had large sponsorships from some pretty scummy banks who have a real bad tendency to help Wilmar palm oil company take advantage of indigonous lands in south east asia. The straw that broke the camel's back for me was seeing the reporting this company was doing around the Australian Bush fires last year. They tried time and again to cut down articles I had helped with to remove portions that might've looked bad on this specific bank, which is one of the biggest banks operating in Australia. I brought my concerns to my boss, and he more or less laid it all on the table. He pretty much told me that I would have to suck it up, and report "around" those facts. By the end of that day I had walked out in protest against the editorial board. While the company I worked for wasn't an American news company, many of my friends who work in journalism in the states have had similar experiences. The one thing I can say with certainty: media companies do not really have leftwing or right-wing bias, but they all have a corporate bias.

carped*

+Ellie Nash ????

as in "CARP", the debt company he started.

+Jesse Pepin oh that's funny. Lol.

Ellie Nash Nice one. :)

Lol same here

me too. #addictedtoLastWeekTonight

+jdogwar dido.

lol same

same, and it's 2:40 am rn.... but who needs sleep when there's John Oliver?

Damn.

the person ended up payinb for the debt so that means either way you end up with what you started with which is $0 ... so what you said doesn't work

+paperitgel98 paying*

Sounds doable, except for the part where you need to convince your bank to sell the loan.

Im pretty sure it doesn't work like that but what would ik

You think they would busy with the gold rush, or laying down railroads.

Arresting dogs and eating children!

don't forget that some percentage of viewers click on the wrong button if they actually want to like the video

2020 as of today disliked

Who are this people?! Anyone, who dislike this video, please say why!

What Brandon?! What was he being?

Thanks for sharing the story!

That is why i always say to my american friends (i'm from europe) please, fight for your lives, don't let big corporation ruin your lives. Free healthcare should be mandatory. It's impossibile to comprend that your life is attached to a piece of PAPER!!!!!

HOLY SHIT

Speaking as a Canadian, the idea of a healthcare system where you have to pay for your own misfortune is terrifying (and easily taken advantage of). I hope Bernie Sanders gets in and implements free healthcare. Yes, I know he doesn't have a snowball's chance in hell. I can dream, though...

You sir, are awesome

Thank you good sir

Yes.

Yanis varoufakis is the walking dept

Fear the walking debt...

what riot act?

@@Albtraum_TDDC A Quiet one, I would imagine xD~

(CANT WAKE UP)

JUST SET AN ALARM

What?

Rip Hunter You wot m8?

Save meh nigga

60k

That is indeed what happened.

I mean it's out of statute so technically they don't owe it anymore, but it's possible that someone else would have bought that debt and harassed them over it hoping that enough of them wouldn't understand what "out of statute" means that they could recoup their costs...

yep

Yup, nailed it on the head.

cyka blyat

P90 rush B

please lpppp1 LP hi p omlmll

My state wasn't even yellow on the 13:55 map. Yes!

For all the shade he likes to throw on Florida I never see it highlighted in any of his models.

;-;

Know what you mean 🇬🇧

🇲🇽Health.... Care...?🇲🇽

exactly🇩🇪

To accumulate 80,000$ in medical bills in my country, you would have to be 3 years nonstop in a hospital. How the f*** does ANYONE survive in the USA, if the ones that should save your life spend their time throwing you out of the bed?

hey! there’s a foundation called rip medical debt that allows you to buy debt for pennies to a dollar and then immediately forgive it. 100 dollars forgives 10,000 dollars in medical debt

@@f1zz-k1d89 What?! More people should know about this!

They only paid $60,000 for it though. It is still amazing.

ohhhh

True they only pad 60k for it but it could have been worth 15 mil.

+Meyaka B They paid 60 thousand for what amounted to 15 million dollars in medical debt that was owed by about 9000 debtors. They then took all 15 million of it and worked with an organization that forgives debt, making all of that debt legally go away.

Which is still a wonderful act of charity.

Dude if only he can do the same now for my college debt. I would be so happy

Doctor RPG --> Medical debt, that John Oliver paid off for the people, is incurred mostly involuntarily.

Istvan Szabo Dude don’t take me so seriously man. Just trying to make a decent joke that many of us can relate to.

Doctor RPG, Got it! :)

@msw7qw11 Doesn't stop other debt collectors from attempting to collect it.

That's... a fascinating idea 😮🤔

I wouldnt know for sure, but i would think that you cant choose whose debts to buy

I mean no because buying your debt would mean simply paying it off

​@@underworldshinigami not when your buying it for pennies on the dollar

Yeah it's actually more than that. 4 days is 96 hours (4x24) 80,000÷ 96 is $833.33 *PER HOUR* . Assuming that you sleep for 8 hours a day for all 4 of the days, it costs you $26,666.67 *while you are sleeping* so while you are awake just you know, being alive, it costs you $53,333.33. Which is ridiculous

'Murica! We hate our own people!

My femur was snapped and splintered in a head on collision over a decade and a half ago. I spent 5 days in my own hospital room at Vanderbilt in Nashville after they did surgery on my leg. My car insurance paid for it all; however, the hospital and the insurance company for some reason kept accidentally sending their correspondence on payment negotiation to my parents address so i got to see exactly what they were writing each other. The hospital charged them for my care around $75,000. The itemized bill that was included is very telling on how they waaaaay overcharge---for instance, the walker they provided for support to help me get to initially walking again was billed at $300...the same walker (just like the one you see the elderly use) down to the exact brand, exact model, no difference whatsoever other than who was selling it was priced at Walgreens for MSRP of about $30---for a markup of 10 times the actual price. Checking the rest of the bill with a few other items I could price-check to get a firm estimate of the average markup being that amount, I assume it all was that inflated. When the insurance company responded and sent me the response instead of the hospital, the insurance companies return offer was $12,000. And the hospital immediately accepted without any fuss---which tells you that the amount they accepted was still profitable for the hospital & enough to pay all involved and all overhead and all provisions of my care plus extra---at the cost of a cheap cheap car rather than the price of a house. The system here is screwed up, but if caught in it so you have to "play", knowing the numbers and actively negotiating with that knowledge can keep you from either being smothered in debt or kicked out of the care you need (until we get healthcare for all as a human right rather than a benefit for those who aren't too weak to have earned it).

@@MaxGideonActor That's the unfortunate way it works. Insurance companies try to pay the least they can, because their business model depends on them paying out less than they get. Since healthcare costs can be pretty pricey even without inflation and aren't super uncommon, they'll do anything to pay less than full price. Hospitals will then massively overcharge, knowing that they won't actually get that amount, but because it'll force the insurance company to give them an offer that's profitable based on the actual cost to them. If they charged the legitimate rate, the insurance company would offer them less than they need to be profitable. Which is fine until some unlucky bastard with no insurance comes through the doors and they have to be charged the inflated "no, this is _definitely_ how much we need, _hint hint hint"_ rate because that's legally what their price is for insurance purposes. You're not able to charge individuals less than the silly amount you show insurance companies, because then the insurance companies will demand you give them that rate. The institutions both try to screw each other and the people get caught in the middle.

Imagine how good the hookers who charge that much are.

I bet one of them was that fuckhead at 16:27.

Haha

Or people not in Texas.

675 now. Licking their salty wounds.

Or, like Trump says, we should all take advantage of the bankruptcy laws to get rid of debt we can't pay.

nope...born English lol

Okay. John Oliver for Queen.

+Aelevant didn't stop Ted Cruz, who is Canadian

+Jacob Esnard good point

thats more like it.

Maame Danso All hail John Oliver, and his hilarious new regime!

to our mega reverend of the church of our lady of perpetual exemption, praise be..praise be..

Maame Danso John Oliver = Amazing

Jaydrian C Maybe not completely saved, but certainly lifted one of possibly many burdens. Either way, kudos to the man and HBO.

Jaydrian C Well it was more HBO since it was their money he spent

oh wait...CEHcafe dot com helped me cleared 76k in mortgage within two weeks of contact.

Owen, did you not listen to the whole thing? He started a debt-buying company and relieved debtors of their debts that they bought for pennies on the dollar.

CORRECTIONS FOR "Kinda 0FiNCE1VE": How did he do that? By spending 18 minutes saying "This sucks, wish we knew how to fix this." Most of it was medical debt. Do you just get high on your emotions and then post? Don't vote where ever you live. People like you are how Hitler got into power in the first place.

South Park is a comedy show that has significant political commentary. Last Week Tonight is a comedy show that has significant political commentary.

+Neo-Mad Dog very true

A very "serious" funny actually more serious than actual journalists !

He uses real information and cites his sources on air, which is more than most major news channels do... so I'm inclined to agree.

For the record, most TV and Radio news outlets cite local newspapers as well as major papers like the New York Times, Chicago Tribune, and Washington Post in relatively small print in order to avoid detracting from the rest of the show. Although I love John, I don't consider him and Jon Stewart journalists on the basis that they deliver information with a bent on comedy rather than impartially.

I'm from texas and I think what he did was awesome, but I'm waiting for someone on my facebook page to say what he did was stupid, so far nothing.

Hard to prove it was a stupid move

Agreed, but in time they might find something, I understand a lot of people hate him, but that's mostly because he makes fun of the people they like (Trump, televangelists, state governor's (please take on Greg Abbott, and please Greg Abbott say something stupid), plus many others).

Was thinking exactly the same thing. I mean, let's face it, 60k isn't a whole lot for a good marketing campaign at his level, but the ultimate good it did at the end, plus the increase in ratings? It's such a win win, he deserves a medal just for thinking it up!

I'm in Canada, so medical debt isn't the concern here, but we have other things to worry about. Not to sound selfish, but it's hard to see initiatives out to other countries when there's the level of suffering right here at home.

Chris R same

i tough it was by a boat while avoiding being eaten by crocodile or punched by flying Asian fish?

Chris R is it as bad as alabama?

Chris R I’m a Mississippian also and I couldn’t agree more !

Now that's funny.

so true!

they probably dont have to worry as much about being shut down for telling the truth. also, most news networks use opinion segments such as bill orielly to talk about the important stuff in their opinion, not subject to the journalism world because they arent journalists. real journalists get the segments and stories that dont matter because they have more strict rules for telling the truth as far as they know it to be the truth.

but i do agree. its a sorry state of affairs. i just dont watch the news networks anymore. i find my information elsewhere.

pretty sure its been that way since the antiquity

Eh, good journalism exists, it just doesn't get the same level of attention. THAT is the sad thing. This comedy journalism isn't any better, it just happens to have a really entertaining face put on it. The good investigative journalism doesn't get nearly as much notice because it isn't entertainment focused.

Who is Jackie?

@@TheKayleeanna I am assuming Diegos wife if I was guessing. This sounds like the voice of experience talking!

@@TheKayleeanna lol!

@@TheKayleeanna you don't know? Only the best salad maker in town!

@@briantyson6138 you don't know? Only the best salad -maker- tosser in town! fixed

LOL c'mon man

Yes, and if you made this a standard practice "credit" would have no value and the economy would collapse. GOOD JOB!!

No, debt buying would have no value. Credit itself wouldn´t lose any value.

TheTheddi - Of course it would, are you serious? If everyone starts taking out loans of $10k, but never pay it back so it gets sold and written off for an eventual value of $3k, $7k just disappeared. If you don't see how that would crash the entire basis on which credit is built, you're beyond explaining..

***** - Er, yes it can. If I withdraw a $100 from my account and burn the $100 bill. That money was just destroyed and disappeared from rotation.

?*

He can't draw Muhammad.

Comedian Fool*

DEATH TO HOMUNCULI

+Frontschwein He can. His life expectancy would plummet immediately, but he can still do it.

Woah

dead

What about the Akansas segment with corrupt legislators? Laws that presume the correctness of the debt collectors information in court? Laws that default judgement in favor of these companies in the event the defendent does not show up? OR allow them to re-roll out of statute debt? Without the governments sticky fingers over all of this, this entire business model would not work.

this show does indeed point you to disturbing trends in america. i know europe isn't perfect but it does seem to be better

+Jasper Klootwijk a lot better but we are going towards American style regulation as more and more is deregulated and given in to private hands. in theory it should improve the economy but in reality our economy has been going to shite. only reason we don't notice it that much in the Netherlands is because we have such high living standards. but more and more the middle class starts to feel the effects we have less spending power our rights are being ripped away, education is getting more expensive etc

I have a coworker from Sweden and every time he talks about it it makes me want to pack up and head straight there.

dew it

I escaped Sweden. No thanks.

most companies sell bad debt by volume, so you'd need to luck out in buying your own. like buying magic cards

if you can manage to find yours, and before all other company

You are a genius. :)

LOL

Tubbz?

holy shit... exactly... why the heck aren't people just doing this... buy your own debt at a lower price

@@emmu2007 It sadly doesnt work like that. You have to "buy" millions in debt to get a better price.

@@chesterra Buy on bulk sort of thing, but with Millions of Dollars.

@@jakechinn6561 Yeah, as far as i understand it, Banks just bundle a bunch of similar debts in a packet and then sell them. Before you (as in the debt buying company) buy the packet you don't even know who is exactly in it.

Wow, some one could make a business out of this. Buy a shit ton of debt, instead of collecting on it, contact people and offer to sell their debt back to them for more than what you paid for it, and less than what they owe. Win win.

Sweet, thx :)

That is a brilliant campaign. Awesome. Wish it existed in my country, something I'll look into!

+Evi1M4chine you know that would only work if your dept has been sold of. Bank dept is dollar for a dollar.

what a great idea

Wow one of the smart and caring comment I've seen in ummm.... lomg time :) well done I'd love that thought very much,even though I don't have that much money nor an American.

How, a dog with handcuffs...he is just a fool. But I do like the topic....This gets old fast.

@@wddlaw Much like this comment bhaha ;) Side note: What the Funk and Wagnalls are you talking about? Did I miss the bit with the dog and handcuffs -- or is that about some kind of S&M canine fantasy you have that really should've been taken to the grave? Bow Wow, either way. ;)

Agreed, but to be fair, Jon Stewart also took action. He's advocated for 9/11 first responders.

@Ashur Sounds more like he started one thought and began typing and.....talking about another point when something else came to mind but ...... talking like some old person who forgot to take.... but dogs are good.

@@Hermititis To be fair when the OP made his comment 4 years ago Jon Stewart hadn't done that yet. Personally I'm a huge Jon Stewart fan, just figured I'd point out that detail.

Yes.

guido8000 Thank you!

that's so nice

Not really, because he thinks the list he has is like some master list. But the list he goes is one of multiple lists of the same one that keep getting sold to other places. Its not like you can randomly just take someones bill and tear it up and think its paid.

acerhen somerhen They way it works is that the same debt cannot be sold to multiple collection agencies *at the same time.* Serially it can go through multiple, but only one at a time. So yes, whoever owns the debt any point in the life of that "paper" can tear it up.

That's actually a really good joke.

Best comment! This should really be pinned at the top.

Good to see we are all here gathered for service