John Oliver buys $15M in debt and forgives all of it on 'Last Week Tonight'

Re:John Oliver buys $15M in debt and forgives all of it on '... by AstroJetson on Monday June 06, 2016 @01:04PM (#11848282)

I checked with the company, and they do track the debt they "forget". They also send a letter to the debtor to say that the debt has been cleared. That takes care of the case where it comes back to life, the debtor has some level of proof that the debt was taken care of.

I didn't ask if they tracked all of it in an Excel file ;-)

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Re:John Oliver buys $15M in debt and forgives all of it on '... by thwarted on Monday June 06, 2016 @03:15PM (#11849476)

Figured it was something like this. This is great news if you're trying to get rid of bill collectors. Just make some "proof" on "company letterhead" that the debt has been cleared. It's no more scummy than harassing collectors.

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Re:John Oliver buys $15M in debt and forgives all of it on '... by eonw on Monday June 06, 2016 @04:47PM (#11850206)

sounds like a business model almost as slimy as those collecting expired debt, but at least if i was selling forged documents i could sleep at night.

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Re:John Oliver buys $15M in debt and forgives all of it on '... by thwarted on Monday June 06, 2016 @05:49PM (#11850693)

No need for a slimy business model, the debtor can generate these documents themselves.

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