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$15 Million in Medical Debt in Texas purchased for $60,0000 and then forgiven

John Oliver

 

 

 

 

 

 

 

John Oliver took aim at Debt Buyers on Last Week Tonight and purchased 15 Million in out of statute medical debt and then forgave it.  Out of Statute debt is that debt which is beyond the statute of limitations and the creditor cannot sue on to collect.  Not that this stops debt collectors from doing just that.

After founding his own debt buying company Central Asset Recovery Professionals (CARP for the bottom-feeding fish), CARP purchased almost $15,000,000.00 of medical debt owed by 9,000 individuals and proceeded to for give it last week on his show. 

Watch him forgive the debt on youtube.


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Posted June 7, 2016