Cents of Hope - RIP Medical Debt

$15,930.50
raised of $30,000 goal
53%
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Campaign Created ByCents of Hope

Cents of Hope Campaign

With your help, RIP Medical Debt can acquire and eliminate medical debt in Kentucky. Every $1 donated will abolish $100 of medical debt in the region and every donation through this page will be spent directly on forgiving medical debt RIP Medical Debt has access to in Kentucky!

How it Works

In the past forty years, medical costs have doubled, insurance copays and deductibles have spiked, and bankruptcy rates have quadrupled, creating an avalanche of destructive medical debt. More than 60% of bankruptcies in America have medical debt as a root cause.

  • You make a donation. We use data analytics to pinpoint the debt of those most in need: households that earn less than 4x the federal poverty level (varies by state, family size) or whose debts are 5% or more of annual income.
  • RIP buys medical debt at a steep discount. We buy debt in bundles, millions of dollars at a time at a fraction of the original cost. This means your donation relieves about 100x its value in medical debt.
  • Together we wipe out medical debt. Recipients have no tax consequences or penalties to consider. Just like that, they’re free of medical debt!
Campaign Support Recipients
Kentucky
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    Rebecca R. just donated $106
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    Kevin D. just donated $529
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    Charles E. just donated $58.50
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    Scott B. just donated $106
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    Sherry D. just donated $25
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    Dawn F. just donated $106
$15,930.50
raised of $30,000 goal
53%
Fundraise
Donate by Check
  • Recent Donations
  • Donor Avatar
    Rebecca R. just donated $106
  • Donor Avatar
    Kevin D. just donated $529
  • Donor Avatar
    Charles E. just donated $58.50
  • Donor Avatar
    Scott B. just donated $106
  • Donor Avatar
    Sherry D. just donated $25
  • Donor Avatar
    Dawn F. just donated $106

Fundraise for This Campaign

Start a fundraiser to help those in need. Set a personal fundraising goal and track online donations easily with RIP.

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How RIP Works

Over a hundred million Americans, one in three, struggles with the weight of medical debt.

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  • You make a donation

    We use data analytics to pinpoint the debt of those most in need: households that earn less than 4x the federal poverty level (varies by state, family size) or whose debts are 5% or more of annual income.

  • RIP buys medical debt at a steep discount

    We buy debt in bundles, millions of dollars at a time at a fraction of the original cost. This means your donation relieves about 100x its value in medical debt.

  • Together we wipe out medical debt

    People across the country receive letters that their debt has been erased. They have no tax consequences or penalties to consider. Just like that, they’re free of medical debt.

Who We Help
Read Our FAQ
Debt Resources
Frequent Questions
Is my donation tax deductible?

Yes. We are a 501(c)(3) charity and your donation is 100% tax deductible.

Relevant Documents:
IRS 501(c)3 Determination Letter
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Who qualifies for debt relief?

When we purchase a portfolio of medical debt, we abolish debt for individuals who:

  • Earn less than 4x the federal poverty level (varies by state, family size).
  • Debts are 5 percent or more of annual income.

We only buy debt that has been pre-qualified by our partners to meet at least one of these criteria. 

We never collect on debt we purchase, only relieve it.

Do recipients of debt relief have any adverse consequences?

No. With your help, we abolish medical debt permanently. Recipients have no adverse tax consequences, obligations, or strings attached.

For those whose medical debts are relieved, the relief is a gift from a detached and disinterested third party (RIP) as an act of generosity, so relief of the debt does not count as income to the debtor. We will not file a Form 1099-C with the IRS.

Can donors see whose debt is relieved by their donation?

Due to HIPAA laws, RIP Medical Debt cannot disclose the names, contact information or any other specific details of the debt relief beneficiaries.

Can I apply for debt relief?

RIP Medical Debt cannot relieve debt by individual request.

While we would love to help everyone who needs assistance, RIP Medical Debt cannot abolish medical debt for specific individuals. We approach the problem of medical debt by acquiring large portfolios of debt to help thousands of people at once.

Because medical debt affects so many people who may not have debt accounts in the portfolios we purchase, we have compiled a list of resources that may be able to help in ways RIP Medical Debt cannot.

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