Rolling Jubilee – Abolished 13.5 Million in Debt

Rolling Jubilee, is a fund raising organization that though donations raises money and then buys debt from banks; just like 3rd party debt collectors.  Thus, they are able to purchase debt around 5 cents on the dollars.  Meaning they can buy 1 million in debt for 50 Thousand at 5% buy back.  More details below.

http://strikedebt.org/rjupdate3/