ROLLING JUBILEE: These Guys Want to Buy Up Your Debt and Set You Free

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ROLLING JUBILEE: These Guys Want to Buy Up Your Debt and Set You Free

ROLLING JUBILEE: These Guys Want to Buy Up Your Debt and Set You Free

Mother Jones-

Going viral today almost as fast as a good pepper spray video is the latest idea from Occupy Wall Street: the Rolling Jubilee, a project to buy up and zero out people’s debts. David “How To Sharpen Pencils” Rees explains:

Now OWS is launching the ROLLING JUBILEE, a program that has been in development for months. OWS is going to start buying distressed debt (medical bills, student loans, etc.) in order to forgive it. As a test run, we spent $500, which bought $14,000 of distressed debt. We then ERASED THAT DEBT. (If you’re a debt broker, once you own someone’s debt you can do whatever you want with it—traditionally, you hound debtors to their grave trying to collect. We’re playing a different game. A MORE AWESOME GAME.)

[MOTHER JONES]

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2 Responses to “ROLLING JUBILEE: These Guys Want to Buy Up Your Debt and Set You Free”

  1. Support says:

    Abolish the DEBT? Only a few will benefit from this and it could still wind up on your credit report. drcreditfix allows you to fix your credit for free.

    Once a bank sells the debt for pennies and possibly sends you a 1099 for the difference there is no legal claim to that debt anymore once they sell/write it off. Instead we have dipshit organizations believing they can save you when fact is you can save yourself for free.

    Go to spcclient.com and sign up for free use code 1000-1000 and go to drcreditfix module and start out send the step one to everyone of your debt collectors and in 45days from the program you will see it gone with no legal chance of its return.

    We offer training classes for free on how to overcome these bastards. Give us a call or email us and get your REAL REMEDY, not some hope and prayer of some BS advocate group promising you a possibility of you getting a chance. They will look for the lowest and largest bang for the buck to say we did something.

    If you have real debt try it. i promise you wont be disappointed.

  2. Support says:

    disclosure:

    p.s. I advertise on this site help yourself to finding out who really owns your mortgage. financialscreenshots.com a spc group company

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