Okay but like yeah, that is actually a thing that happens, albeit not exactly like this. I don’t remember the exact process but basically there’s a booming industry to sell peoples debt - the business you owe money to sells it to someone else for a fraction of the money owed, wipes their hands of the whole affair, and now whoever bought your debt is riding your ass to get you to give the money to the. But it’s also entirely possible for people to just… buy up massive amounts of debt for pennies on the dollar, and then just. Forgive it. Because capitalism is a living nightmare, but the system is broken enough that it’s possible to exploit it for good sometimes.
Like, the main reason I know about this is because John Oliver did a piece on debt buying a few years ago, and ended it by revealing that he’d bought 15 million dollars worth of medical debt just so he could forgive all of it. Both to expose how broken the system was because some random fucker like him could buy millions of dollars in peoples debt with zero regulations, and also just to take the record for biggest TV giveaway in history.