Strike 5,553 Posted November 20, 2023 Anyone else heard about this charity? Over the years we've had a lot of spirited discussions about our medical system and people who can't afford it. We may disagree on solutions but I think we can have somewhat universal agreement that the problem exists. So, I read this story about this charity: https://apnews.com/article/casey-mcintyre-rip-medical-debt-cfbe340f71e74a68425d0d479322b15b Which got me doing some research on this charity: https://ripmedicaldebt.org/ https://www.cbsnews.com/news/rip-medical-debt-forgiving-medical-debt/ https://www.charitynavigator.org/ein/471442997 tldr - This charity uses debt collection practices to purchase medical debt for pennies on the dollar and then, instead of going after people for the amount of the debt, just cancels it. They also have the debt removed from the person's credit report. They claim to purchase $100 of debt for every $1 contributed. And the beneficiary receives a letter from the charity letting them know the debt has been canceled. What an amazing charity. As with a lot of things in life, I am always skeptical of charities. But this one and the V foundation both seem legit to me. 1 Share this post Link to post Share on other sites
Gepetto 1,368 Posted November 20, 2023 4 minutes ago, Strike said: Anyone else heard about this charity? Over the years we've had a lot of spirited discussions about our medical system and people who can't afford it. We may disagree on solutions but I think we can have somewhat universal agreement that the problem exists. So, I read this story about this charity: https://apnews.com/article/casey-mcintyre-rip-medical-debt-cfbe340f71e74a68425d0d479322b15b Which got me doing some research on this charity: https://ripmedicaldebt.org/ https://www.cbsnews.com/news/rip-medical-debt-forgiving-medical-debt/ https://www.charitynavigator.org/ein/471442997 tldr - This charity uses debt collection practices to purchase medical debt for pennies on the dollar and then, instead of going after people for the amount of the debt, just cancels it. They also have the debt removed from the person's credit report. They claim to purchase $100 of debt for every $1 contributed. And the beneficiary receives a letter from the charity letting them know the debt has been canceled. What an amazing charity. As with a lot of things in life, I am always skeptical of charities. But this one and the V foundation both seem legit to me. That's really great. A former girlfriend of mine had to file bankruptcy (before I met her) because of a medical knee surgery she needed; she didn't have a job with benefits and had no medical insurance at all (before Obamacare). Share this post Link to post Share on other sites
EternalShinyAndChrome 4,107 Posted November 20, 2023 That sounds amazing!! I'm going to look into this more. Share this post Link to post Share on other sites
cmh6476 1,025 Posted November 20, 2023 Just texted this info to a friend! Share this post Link to post Share on other sites
kilroy69 1,251 Posted November 20, 2023 10 hours ago, Strike said: Anyone else heard about this charity? Over the years we've had a lot of spirited discussions about our medical system and people who can't afford it. We may disagree on solutions but I think we can have somewhat universal agreement that the problem exists. So, I read this story about this charity: https://apnews.com/article/casey-mcintyre-rip-medical-debt-cfbe340f71e74a68425d0d479322b15b Which got me doing some research on this charity: https://ripmedicaldebt.org/ https://www.cbsnews.com/news/rip-medical-debt-forgiving-medical-debt/ https://www.charitynavigator.org/ein/471442997 tldr - This charity uses debt collection practices to purchase medical debt for pennies on the dollar and then, instead of going after people for the amount of the debt, just cancels it. They also have the debt removed from the person's credit report. They claim to purchase $100 of debt for every $1 contributed. And the beneficiary receives a letter from the charity letting them know the debt has been canceled. What an amazing charity. As with a lot of things in life, I am always skeptical of charities. But this one and the V foundation both seem legit to me. I got something from them about 3 years ago. They randomly wiped out like 2k of old med debt I had no idea was even there. Sent me a letter that has "this is not a bill" in big letters on the front. I thought it was fake till I looked it up Share this post Link to post Share on other sites
TheNewGirl 1,494 Posted November 20, 2023 This is something I'd consider donating to, could really change a person's life! Share this post Link to post Share on other sites
