Rip Medical Debt Charity Navigator Erases Unfair Medical Bills

Rip Medical Debt, a nonprofit organization, has been working tirelessly to erase unfair medical bills for low-income families. They focus on debt that is considered unaffordable, often due to medical bills that are more than 5% of a household's income.

Their debt collection process is led by a team of experts who identify and acquire medical debt portfolios from creditors. In 2020, Rip Medical Debt acquired over $1.5 billion in medical debt.

The organization's goal is to provide relief to individuals and families who are struggling to pay their medical bills.

Additional reading: Rip Medical Debt News

We're proud to be part of a movement that's making a real difference in people's lives. Since its founding, RIP Medical Debt has acquired and abolished over $919 million of oppressive medical debt.

This massive amount of debt has been lifted from more than 443,000 individuals and their families.

Medical debt is a leading cause of bankruptcy in the United States. It's a reality that affects people from all walks of life.

People all over America encounter medical events or diagnoses that are far too expensive to treat for individuals with ordinary income.

Even owning a medical insurance policy doesn't guarantee that one won't suddenly and unexpectedly owe thousands of dollars for medical care or treatment.

These bills, if left unpaid, inflict catastrophic damage on credit reports, resulting in higher interest rates and reduced loan approval rates.

We work by purchasing large portfolios of medical debt on the secondary market or directly from patient care providers. This is done using donations, which are then used to clear the debt forever.

Our team has developed extensive relationships and expertise in the debt buying and collections industry, thanks to our founders' experience in the field. This expertise allows us to structure and acquire large portfolios of qualified medical debt for significantly reduced rates.

For every dollar donated, we're able to clear $134.52 of overdue medical debt, making our use of funds incredibly efficient.

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We use donations to purchase large portfolios of medical debt on the secondary market or directly from patient care providers.

RIP Medical Debt, now known as Undue Medical Debt, has shown an impressive return on investment, with each dollar donated clearing $134.52 of overdue medical debt.

We retire the debt forever by making it unavailable for further sale, which is a crucial step in our process.

This means that the debt is gone for good, and the individuals who owed it are no longer burdened by it.

We notify the individuals for whom debt was purchased that we have bought and forgiven the debt, and we list each account number we abolish in the forgiveness notification letter.

This transparency is important, as it allows us to hold ourselves accountable and ensure that our efforts are making a real difference in people's lives.

We've developed strong relationships and expertise in the debt buying and collections industry, which enables us to structure and acquire large portfolios of qualified medical debt for significantly reduced rates.

Our team's extensive experience in the industry allows us to navigate complex debt buying and collections processes with ease.

We've built a network of partners and suppliers who trust us to deliver results, which is essential for acquiring large portfolios of medical debt.

This expertise and network have been key to our success in buying and retiring large amounts of medical debt, often for pennies on the dollar.

RIP Medical Debt is a charity that buys up delinquent medical bills at pennies on the dollar, making even small donations have a big impact.

Since 2014, RIP Medical Debt has abolished more than $8.5 billion worth of medical bills for 5.4 million Americans.

The charity identifies people who are 400% of poverty or below, or if their debt is 5% or more of their income.

One in every five U.S. households has some medical debt, according to Dr. Steffie Woolhandler, a professor of public health at New York's Hunter College.

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Medical illness and medical bills contribute to the majority of all U.S. bankruptcies, according to Dr. Woolhandler.

RIP Medical Debt's average debt relief is around $1,500, which is about the average amount that the charity relieves.

The charity's president and CEO, Allison Sesso, said that "you'd be surprised; it's not large amounts of money oftentimes that people are struggling under."

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Rip Medical Debt, a charity navigator, has been working tirelessly to eliminate medical debt in the US. They've helped over 200,000 individuals and families by forgiving more than $1 billion in debt.

Their community engagement efforts are a key part of their success. They partner with other organizations to amplify their impact.

Rip Medical Debt has a network of volunteers who help identify and prioritize debt for forgiveness. These volunteers are crucial to their mission.

By leveraging technology and data, Rip Medical Debt can target areas of high medical debt and focus their efforts where they're needed most.

Their charity navigator status ensures that donations are used efficiently and effectively.

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