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Bookmark or Share- How the Rolling Jubilee Works - UMA TechnologyHow the Rolling Jubilee Works. Introduction to the Rolling Jubilee. The Rolling Jubilee is a remarkable initiative founded by the Strike Debt movement, which emerged in New York City in 2012. It was born out of a growing concern over the staggering amount of student loan debt, medical bills, and other forms of debt burdening millions of Americans.
- Debt Abolition - Debt CollectiveAs a part of a class action settlement a debt buyer agreed to transfer these accounts to the Rolling Jubilee for the purpose of canceling the debts. One of the main concerns of the Debt Collective is abolishing debt. The way we do this is outlined here.
- How the Rolling Jubilee Works - HowStuffWorksBefore we get into how the Rolling Jubilee works, let's take a quick look at the Biblical origin of the word "jubilee," and how an ancient religious tradition has inspired a distinctly modern form of crowd-sourced debt forgiveness.
- Debt Activists Bought $10M in Student Debt for $125,000 ... - TruthoutOn Monday, a debtors’ union called the Debt Collective announced that, in collaboration with its sister organization, the Rolling Jubilee Fund, it had bought nearly $10 million of debt in collections from Morehouse College for a mere $125,000, or a little more than a penny on the dollar.
- How the Rolling Jubilee Works - HowStuffWorksThe Rolling Jubilee works by hijacking the debt-selling process in a legal way. Distressed debt attracts a very specific kind of investor, and banks typically shop their debt around to an established list of clients.
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