November 14, 2012
Glad to see this getting some MAJOR COVERAGE. They plan to buy up people’s debt at the usual lower rate for which creditors dump it to other agencies, and then simply abolish it.
I met Thomas Gokey (who is quoted in this story) at the Basel conference, and he was talking about it quite passionately then. Glad to hear they’re going to put this into action.
For more information, or to contribute, click HERE. I’m planning to donate something myself.
They’re starting with medical debt, which is the right thing to do. But student loan debt is a crushing burden on younger Americans, and needs urgent reform.