File This Under Incredible: Ordinary Folks Are Buying Up Debt and Forgiving It Mischa Nachtigal - Upworthy
go to original November 17, 2012

What is the Rolling Jubilee? (StrikeDebt)

However you feel about Occupy Wall Street, you can’t deny the good-hearted mensch-ness of this idea. Some of those nice protesters have created the Rolling Jubilee, a program that will buy distressed debt (medical bills, student loans, etc.) and FORGIVE it. This. Just. Rocks.

Note: If you have a lot of debt, you shouldn't just default and expect this to save you. They are choosing people at random for this program. If you have a real problem with debt, you should talk to a professional counselor. Here are some resources at the Department of Justice and the National Foundation for Credit Counseling.

If you want to know more about this and how it works, read this article on Slate. If you think this is a good idea and have a few bucks to spare, consider donating to the cause.

Rolling Jubilee is a Strike Debt project that buys debt for pennies on the dollar, but instead of collecting it, abolishes it. Together we can liberate debtors at random through a campaign of mutual support, good will, and collective refusal. Debt resistance is just the beginning. Join us as we imagine and create a new world based on the common good, not Wall Street profits.

Visit the wesite at RollingJubilee.org

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