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IDoMath

(404 posts)

8. Targeting is fairly random

Reply to Vox Moi (Original post)

Fri Nov 16, 2012, 11:31 AM

Nov 2012

What they are doing is buying "bad debts" which means they are buying up accounts that have already been marked as past due. They have no way to target specific individuals. However, they can target certain kinds of debt like medical bills. They CAN'T target student loan debt because student loans are guaranteed and thus, never go on sale.

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Highlight:

Question about Rolling Jubilee [View all] Vox Moi Nov 2012 OP

I believe they are targeting medical debt but I doubt that's the exclusive goal. Fire Walk With Me Nov 2012 #1

How about the feds buy some of this debt and then forgive it? Scuba Nov 2012 #2

From what I have been reading -- Hell Hath No Fury Nov 2012 #3

NOT Student Loan Debt IDoMath Nov 2012 #7

They've just posted two information links: Fire Walk With Me Nov 2012 #4

We need a similar program to buy up foreclosures KamaAina Nov 2012 #5

DebtStrike will be hosting an "Ask me anything" session tonight on Reddit. Fire Walk With Me Nov 2012 #6

Targeting is fairly random IDoMath Nov 2012 #8

Rolling ......Rolling reelfish2 Dec 2012 #9