John Oliver paid off $15m worth of medical debt

The British comic made the gesture last night

Generosity

John Oliver has become a hit stateside and it’s easy to see why with his latest sign of good will. 

The British comic has become one of the go-to voices of our time and, maybe in the place of Jon Stewart, the go-to voice for big social and political issues of the day. 

On his HBO show Last Week Tonight With John Oliver this week the Brit took on Debt buyers and collectors in America. 

In America, this involves a number companies buying debt that others owe and then chasing it up aggressively.

Oliver decided to take a stand against these practices and he did so by setting up his own company.

Talking on his show, Oliver delved a little deeper into what debt-buying really was.

He said: “Debt-buying is a grimy business and badly needs more oversight, because as it stands any idiot can get into it. And I can prove that to you because I am an idiot and we started a debt-buying company, And it was disturbingly easy.”

Oliver added that he spent $50 to set up this debt collection agency which he named Central Asset Recovery Professionals, or CARP, “after the bottom-feeding fish.”

He then proceeded to buy $15 million in debt from Texas for a mere $60,000. 

With it he had bought the debt of nearly 9,000 students and then came the Good Samaritan bit – Oliver, with the help of a big red button, wiped out the entirety of the students debt. 

Oliver also amassed a new record also, in doing so he topped the largest TV giveaway in history. Beating Oprah Winfrey into 2nd place after her infamous ‘everyone gets a car’ moment. 

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Loaded sports writer Pearse Corcoran has covered news, sport and entertainment for several national newspapers and radio stations in Ireland. Follow him on Twitter at @PearseCorcoran

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