b_b and I were talking about something proactive that could be done here. Create an online database where people can enter their info, and who owns their debt. When a certain mass of people are added that have debt owned by the same entity, they crowdfund to buy the debt for pennies on the dollar, then retire it.
To add on to mk's thought, essentially the idea would be to set up a shell debt collection service, then crowd fund the debt by the debtors themselves. Say I owe BoA $10,000 on a credit card. I could pay this service $500-1000 to have my debt retired. That's some shit for that stupid Tech Crunch Disrupt thing. We could all help to fuck over BoA, Chase, etc (but of course not AmEx), and especially those sleazy private student loan funders who prey on low income people matriculated at for-profit schools.