Here’s how ‘Last Week Tonight’ eliminated $15 million of debt
The latest "Last Week Tonight" episode is another notch on the long list of why you should love John Oliver.
Oliver cracked down on debt buying companies, which are companies that do exactly that. They buy debts from banks for much less than they are worth and demand individuals to pay them back.
We just made TV history! Thanks for watching! Or...congratulations for watching? pic.twitter.com/KnVMEa95Km
— Last Week Tonight (@LastWeekTonight) June 6, 2016
Or they will sue individuals for old debts called "zombie debts." These are debts that have been paid off but are coming out of the grave. Or as Oliver put it:
Just like on 'The Walking Dead,' zombie debt comes back from the grave, is incredibly hard to deal with, and disproportionately affects minorities."
In an effort to change this system, Oliver bought $15 million of medical debt (debt people are basically forced to have in order to stay alive) and forgave it.
John Oliver bought nearly $15 million worth of medical debt (at a cost of $60K) for 9,000 people. Then forgave it. https://t.co/nyp0cqvuTV
— Jon Passantino (@passantino) June 6, 2016
You can watch the full "Last Week Tonight" segment below:
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Allison is originally from Fresno, California, but made her way to the beautiful Central Coast, where she is a student at UC Santa Cruz, earning a degree in both history and politics, working as a reporter for City on a Hill Press, and guzzling gallons of coffee. She is a lover of television and all things Amy Poehler. Follow her embarrassing attempts at jokes on Twitter @alleyrenee16.