Entertainment Last Week Tonight with John Oliver: Debt Buyers

Discussion in 'The Howard Stern Show' started by XuXu, Jun 8, 2016.

  1. XuXu

    XuXu Well-Known Member DawgShed News

    Reputations:
    32,041
    Joined:
    Jan 15, 2012
    Messages:
    24,520
    Likes Received:
    21,209
  2. Sloppyjoe

    Sloppyjoe VIP Extreme Gold

    Reputations:
    16,824
    Joined:
    Oct 30, 2015
    Messages:
    13,126
    Likes Received:
    28,274
  3. BrulesRules

    BrulesRules Just grab 'em in the biscuits VIP

    Reputations:
    34,317
    Joined:
    Jan 18, 2012
    Messages:
    142,795
    Likes Received:
    70,335
    Thanks Obama
     
    CrucifiedAGT and DarkFriday like this.
  4. DrSublux

    DrSublux Who am dis VIP

    Reputations:
    4,590
    Joined:
    Sep 20, 2010
    Messages:
    25,387
    Likes Received:
    13,244
    20 minute you tube :facepalm:

    Not clicking :dance:
     
    Shivvy and Irish Joe like this.
  5. Stew Nod

    Stew Nod Well-Known Member Banned User

    Reputations:
    0
    Joined:
    Feb 9, 2012
    Messages:
    56,806
    Likes Received:
    42,854

    Can you summerize wut this is all about? I actually like the dude, but can't take his voice/deliver sometimes
     
  6. slab0meat

    slab0meat negative creep VIP

    Reputations:
    1,783
    Joined:
    Feb 15, 2012
    Messages:
    3,958
    Likes Received:
    4,673
    So YOU'RE his viewer... nice!
     
  7. Sloppyjoe

    Sloppyjoe VIP Extreme Gold

    Reputations:
    16,824
    Joined:
    Oct 30, 2015
    Messages:
    13,126
    Likes Received:
    28,274
    I watched this Sunday night, but I'm not sure what the context for posting it is.
     
  8. XuXu

    XuXu Well-Known Member DawgShed News

    Reputations:
    32,041
    Joined:
    Jan 15, 2012
    Messages:
    24,520
    Likes Received:
    21,209
    He explained how debt buying companies operate. Him and his producers set up a legit debt-buying company of their own called C.A.R.P. Spent $60k to buy 15 million in medical debt and then forgave it.
     
  9. XuXu

    XuXu Well-Known Member DawgShed News

    Reputations:
    32,041
    Joined:
    Jan 15, 2012
    Messages:
    24,520
    Likes Received:
    21,209
    cuz I thought it was interesting?
     
    Stew Nod likes this.
  10. kinneyjames

    kinneyjames Well-Known Member

    Reputations:
    2,451
    Joined:
    Jan 16, 2014
    Messages:
    3,292
    Likes Received:
    6,930
    He gave away money, Robin?
     
  11. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    41,091
    Joined:
    Jul 6, 2011
    Messages:
    183,307
    Likes Received:
    105,121
    He spent $60,000 to buy up $9million worth of debt for some Americans.
    He has erased that debt from their ledgers.
     
  12. JameGumb

    JameGumb We're all out of toner!

    Reputations:
    27,661
    Joined:
    Dec 29, 2013
    Messages:
    43,039
    Likes Received:
    33,165
    Hell of a racket :bigthink
     
    DarkFriday likes this.
  13. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

    Reputations:
    41,091
    Joined:
    Jul 6, 2011
    Messages:
    183,307
    Likes Received:
    105,121
    Americans are stupid and think credit card debt is how life works.
     
    John Mahlin, Stew Nod and JameGumb like this.
  14. XuXu

    XuXu Well-Known Member DawgShed News

    Reputations:
    32,041
    Joined:
    Jan 15, 2012
    Messages:
    24,520
    Likes Received:
    21,209
    It's crazy. You don't even need any special licenses to open one of these companies. They buy debt for pennies on the dollar. They then receive all the debtor's info, including their SS#'s.
     
    Scarlett Ohara likes this.
  15. JameGumb

    JameGumb We're all out of toner!

    Reputations:
    27,661
    Joined:
    Dec 29, 2013
    Messages:
    43,039
    Likes Received:
    33,165
    @Schmoopy
     
  16. kinneyjames

    kinneyjames Well-Known Member

    Reputations:
    2,451
    Joined:
    Jan 16, 2014
    Messages:
    3,292
    Likes Received:
    6,930
    Yes. Sick Americans who go into debt are especially stupid.
     
  17. JameGumb

    JameGumb We're all out of toner!

    Reputations:
    27,661
    Joined:
    Dec 29, 2013
    Messages:
    43,039
    Likes Received:
    33,165
    :eek::evil:
     
    DarkFriday likes this.
  18. OV

    OV Rapscallion

    Reputations:
    3
    Joined:
    Sep 10, 2010
    Messages:
    12,796
    Likes Received:
    35,720
    Sometimes "ownership" of these debt obligations pass through 2 or more secondary collection market buyers for pennies on the dollar. So if they can intimidate old debtors into paying obligations that the original creditors, like hospitals, have already written off, it's pure profit. Often they use onerous intimidation techniques like calling the person's employer, threatening physical harm to them and their animals, etc. They are the parasites of the business world and make it a point to still try to collect even after the statute of limitations for that particular state (in many states it's 5 years) has run out. Don't confuse them with primary organizations who didn't get (and often should have gotten) paid.. these secondary market assholes are pure scum.
     
  19. Yeahnolisten

    Yeahnolisten Well-Known Member

    Reputations:
    618
    Joined:
    Jan 29, 2012
    Messages:
    1,894
    Likes Received:
    2,411
    Yes, but much like Howard's material, it appears that the producers copied the idea from another organization and didn't give them credit for it. But UNLIKE Howard when they got caught they gave them "some" credit for it.
     
  20. XuXu

    XuXu Well-Known Member DawgShed News

    Reputations:
    32,041
    Joined:
    Jan 15, 2012
    Messages:
    24,520
    Likes Received:
    21,209
    Are you talking about another show? I know that this isn't a brand new idea, but having someone with a show on HBO bring attention to it is a huge benefit to the organizations that are involved in debt buying forgiveness.
     
    Pill Queen and Stew Nod like this.