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More than 740,000 New Yorkers had unpaid medical debt owed to collection agencies on their credit reports as of February 2022, according to a study by the Urban Institute, a nonprofit research ...
Medical bills from various sources—credit cards, lenders, family, friends, or collection agencies—can quickly become overwhelming. But there's a potential solution: medical debt consolidation.
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Undue Medical Debt, formerly RIP Medical Debt, [1] is a Long Island City–based 501(c)(3) charity [2] focused on the elimination of personal medical debt. [3] Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico, [4] the charity purchases portfolios of income-qualifying medical debt from debt collectors and healthcare providers, and then relieves the debt. [5]
In 2018, two local women from the Finger Lakes region in New York partnered with the nonprofit RIP Medical Debt after fundraising for the purpose of debt collection for debt forgiveness. The nonprofit looks for bundled packages of debt from first or third party agencies which the group negotiates to purchase at discounted prices (pennies on the ...
Earlier this week, New York Governor Kathy Hochul signed a bill prohibiting medical debt from being collected by credit reporting agencies or included in a consumer’s credit report. Colorado ...
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