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There are some non-profits specializing in buying up medical debt and forgiving it (e.g. RIP Medical Debt [0]). These non-profits usually rely on individual don
by mukara 3y ago
There are some non-profits specializing in buying up medical debt and forgiving it (e.g. RIP Medical Debt [0]). These non-profits usually rely on individual donations, and $100 can relieve as much as $10,000 of medical debt. They also frequently rely on donations from other organizations such as churches [1]. There are examples of churches buying up tens of millions of dollars worth of debt [2]. I'm not aware of this being done for other kinds of debts, although I would assume it happens.
[0] https://ripmedicaldebt.org/ https://ripmedicaldebt.org/
[1] https://www.cnn.com/2023/04/26/us/debt-jubilee-medical-trinity-moravian-cec/index.html https://www.cnn.com/2023/04/26/us/debt-jubilee-medical-trini...
[2] https://www.bostonglobe.com/2020/10/25/metro/new-england-churches-buy-up-forgive-262-million-medical-debt/ https://www.bostonglobe.com/2020/10/25/metro/new-england-chu...
- czbond 3y agoThank you for posting these. I've been looking for a specific way that gives back and I like this route.