Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start, and John Oliver proves it, in a spectacular way! John Oliver enters the murky world of zombie debt, debt buyers, and debt collectors – and as head of his own debt buying company, he makes a $15 million dollar give-away that puts Oprah to shame!
Debt buyers and collectors creep, crawl, and slither, leaving a slimy trail behind them – and they can make your life a living hell. They can serve papers and sue on a debt or card you never had, a debt discharged by bankruptcy or even one you paid in full! It’s humiliating, intimidating and provokes anxiety…Which John likens to virginity. See photo in video for proof. Phone collection is a profession one is born to do, and is perhaps what serial killer wanna-be types do.
This is fascinating report, and to prove that “any idiot “can incorporate as a debt purchasing business, John incorporated the bottom-feeding company ‘CARP’ for a mere $50 online. John was then offered $15 million dollars worth of medical debt for $60 thousand dollars. Instead of collecting on the debt, he ‘forgave’ it, buying financial freedom from medical debt for nine thousand people. Beat THAT Oprah!