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Posts tagged ‘Medical Debt Resolution Inc’

27
Dec

Where Does $100 to RIP Medical Debt Go?

Most recently, the national news has given quite a bit of airtime to a non-profit known as RIP Medical Debt, calling the organization out for doing good deeds like paying off medical bills for people unable to settle these debts. Seems RIP Medical Debt has been acquiring bad debt (debt sent to collection agencies) for pennies and paying off that debt thereby erasing a person’s obligation to pay accumulated medical bills.

Established in 2014 by two former debt collection executives, RIP Medical Debt was created to collect donations to buy large bundles of medical debt and then forgive that debt with no tax consequences (although the donor making the donation to RIP Medical Debt gets the deduction). Read more »