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June 2016 Archives

What does John Oliver's debt purchase have to do with you?

By now, you may have heard of John Oliver's grand gesture. Via HBO and his television show Last Week Tonight, Oliver formed a debt-buying company naming it Central Asset Recovery Professionals (CARP), and purchasing $15 million in medical debt through the business.

Loss mitigation: What is it? Who does it benefit?

Since the 2008 housing market crash, the US has seen a tremendous surge in home foreclosures. People could no longer afford their homes for a variety of reasons, often through no fault of their own. While some people had simply gotten in over their heads with their mortgages, others experienced financial hardship due job loss, medical expenses, or other personal disasters.

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