Here is a possible summary:
The text is a transcript of a segment from the show Last Week Tonight with John Oliver, where he exposes the shady practices of the debt buying industry in the US. He explains how debt buyers purchase old and unverified debts for pennies on the dollar and then try to collect them from consumers using harassment, deception and lawsuits. He also reveals how he created his own debt buying company and bought nearly $15 million of medical debt from Texas, which he then forgave as a gesture of goodwill and a TV stunt. He argues that the industry needs more regulation and oversight to protect consumers from abuse.
Some possible facts extracted from the text are:
1. American households collectively owe over 12 trillion dollars in debt and 436 billion of that debt is seriously delinquent.
2. Debt buyers purchase debts from banks and other creditors for pennies on the dollar and then try to collect the full amount from the debtors.
3. Debt buyers often have little or no documentation to verify the accuracy or validity of the debts they own.
4. Debt buyers file millions of lawsuits against debtors every year, many of which go unanswered and result in default judgments.
5. Debt buyers use various tactics to harass, intimidate, and deceive debtors, sometimes violating federal and state laws.
6. Debt buyers are among the most complained about industries to federal authorities.
7. Some states have tightened their laws concerning debt buyers, while others have loosened them or have no licensing requirements for debt buyers.
8. John Oliver and his show started a debt buying company called CARP and bought nearly 15 million dollars of out-of-statute medical debt from Texas for less than 60 thousand dollars.
9. John Oliver and his show decided to forgive the debt instead of collecting it, staging the largest one-time giveaway in television show history.