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RIP Medical Debt
80 Theodore Fremd Ave.
Rye, NY 10580
Earmark your donation for this campaign by including a note or by writing "Forgive GA Medical Debt" in the memo line of a check.
Who Is RIP Medical Debt?
RIP Medical Debt uses donations to purchase bundled medical debt portfolios that have gone through collection agencies for months or years. Using third-party credit data providers, it targets debt incurred by people facing financial hardship, and then forgives it. On average, $1 is leveraged to abolish $100 in medical debt.
Please see the full FAQ below and visit www.ripmedicaldebt.org for more information.
RIP Medical Debt's Federal Tax ID is 47-1442997.
About this Fundraiser:
A Medical Debt Bail-out For the People, By the People
Every day, 56,000 people and their families in Fulton and DeKalb Counties make impossible choices about paying down medical debt or making sure the lights stay on.
One in two people with medical debt in collections don’t seek medical treatment because they can’t stomach the idea of accruing even more ruinous medical debt. Millions are suddenly without health insurance at a time when they and their families need it the most. Even prior to the pandemic, medical debt contributed to 66% of all bankruptcies, impacting our neighbors’ ability to get a loan, gain employment, and support their families.
A National Crisis on Our Doorstep
My name is Elizabeth, and I’m proud to be your neighbor! I’m an appraiser with Cushman and Wakefield’s Valuation & Advisory services here in Atlanta. We’re all in this together, which is why V&A answered the call to lend their name, energy and enthusiasm to give this campaign as much momentum as possible to help our neighbors burdened by the albatross of medical debt.
The South is disproportionately burdened by medical debt, especially BIPOC and those living with disabilities. We are moved by the legacy of our late neighbor, representative, and local saint, John Lewis, to do what needs to be done to help those most in need. Nobody should be sued or jailed for medical debt. We can bail each other out – for pennies on the dollar – and liberate people in our beloved Atlanta community from living in survival mode.
Medical debt does not get the final word on our neighbors’ well-being and future. Abolishing their medical debt can liberate them and give them and their families the self-determination they need to pick up their lives. Over 3% of individuals in both counties will benefit directly from this campaign; scaled to the average household size, nearly 8% of households will benefit from their spouses, children, and parents being freed from medical debt.
What a Dollar Can Do for Our Neighborhoods
This is where our partnership with RIP Medical Debt begins. For every single dollar donated, almost $200 of medical debt in Fulton and DeKalb Counties is forgiven – and if your company matches, that dollar can wipe out twice or three times that amount of debt!
RIP Medical Debt is a national nonprofit which purchases those medical debts belonging to the most burdened Americans in large, bundled portfolios from debt buyers and collection agencies for a fraction of their face value. Typically, $1 abolishes $100 of medical debt on average, but in Fulton and DeKalb Counties the return on investment into the community is even greater!
Eliminating $101 million of medical debt would mean freeing $101 million of renewed access to credit, stable housing, and necessities. Parents can recover from losing their jobs without having to choose between putting food on the table and paying their medical bills. That’s $101 million back into our local economy. It means our neighborhood businesses being able to stay open. It means hardworking people in our community can make their rent and mortgage payments. It means building a more resilient community. This is a rising tide that will lift all boats – let’s make waves together.
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