Occupy debt-relief campaign buys, forgives $100,000 worth of debt

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“Members of a debt relief project borne from the Occupy Wall Street campaign said Wednesday they have purchased more than $100,000 worth of medical debt in a second trial run for their efforts.  Thomas Gokey, a spokesperson for the Rolling Jubilee campaign, said the debt was purchased for $5,000. Earlier this year, the group bought $14,000 worth of debt for $500.  ‘We are buying debt that is being sold on the secondary market for pennies on the dollar,’ Gokey said in a conference call. ‘We are doing it in exactly the same way that [debt collectors] do it, with one big difference: we are abolishing the debt as we buy it.'”

http://www.rawstory.com/rs/2012/11/15/occupy-debt-relief-campaign-buys-100000-worth-of-debt/

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