Georgia - RIP Medical Debt

Campaign to relieve debt in Savannah and nearby Georgia cities!

Every dollar you donate forgives $100 in Medical Debt.

$6,828.02
raised of $15,000 goal
45%
Avatar
Campaign Created ByErik Reagan of Built on Purpose

This campaign is in celebration of the launch of a new cause-focused business. Built on Purpose helps unlock the potential in leaders so they can better empower and inspire those around them. And as excited as I am about the mission of Built on Purpose, what’s equally exciting to me is that supporting amazing non-profit organizations is built right into the business plan. I aim to donate $5,000,000 over the first ten years of the business. And I’m starting right away during the launch of the business.

I invite you to join me as I raise $15,000 for an incredible non-profit called RIP Medical Debt. Their mission is one I can relate to and connect with easily. 

2008 was a pivotal year for my wife and me. Our daughter was born in July of that year—12 weeks earlier than expected. She spent the first 94 days of her life in the NICU, and even with decent medical insurance, we ended up with an uncomfortable amount of medical debt. We paid toward that debt as best we could, but it lingered in a way that sometimes felt unbeatable.

But on December 22, 2010, we made our final payment on that medical debt! The looming weight of that debt was finally gone.

But here’s the think: it wasn’t even because of anything we did. A generous family member gave us the money that made it possible. It’s something we’ll never forget and will forever be grateful for.

You and I have an opportunity to do something similar for others in greater need.

It’s kinda crazy, but medical costs have doubled in the past forty years, insurance copays and deductibles have spiked, and bankruptcy rates have quadrupled. All of this has created an avalanche of destructive medical debt. More than 60% of bankruptcies in America have medical debt as a root cause. While I didn’t experience bankruptcy myself, I recognize the scope of the medical debt issue around us.

RIP Medical Debt uses tax-deductible donations to purchase bundled medical debt portfolios from hospitals and on the secondary debt market. Then they forgive that debt at pennies on the dollar. 

On average, $1 can abolish $100 in medical debt, and every donation through this page will be spent directly on abolishing medical debt in Georgia, starting in the Savannah area.

When debt relief recipients open the yellow envelope from RIP, they’re told that their debt has been bought by a third party and erased with no strings attached. They owe nothing on the debt and face no tax penalty

Would you consider making a tax-deductible donation and celebrating the launch of Built on Purpose with me? Click the Donate button at the top of the page and choose an amount that feels good to you.

For individuals, consider that a donation of just $100 relieves $10,000 in debt!

For businesses, consider that a donation of $1,500 relieves $150,000 in debt. (And if you’re already budgeting more to donate in 2022, contributing just $5,000 relieves $500K in debt!)

As a thank-you to any launch campaign business donors who donate $1500 or above, we will hold a drawing for two winners to choose one of three services:

  • A 1-on-1 coaching package
  • A private team workshop teaching leaders how to have coaching conversations with their teams
  • A DISC assessment and breakdown for a team of up to 5 people

We’ll select the winners and reach out within one week of the launch campaign completion.

I’m excited to launch Built on Purpose in this way. Thank you for considering celebrating the launch with me by putting this money to a good cause!

With Gratitude,

Erik

Campaign Support Recipients
Georgia
  • Recent Donations
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    Mary Elaine B. just donated $1,775
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    Kronski J. just donated $55
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    David W. just donated $154.05
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    AMY T. just donated $25.85
    Proud of you Erik. Thank you for always being a guiding light in this dark world. God bless you my friend and this new ministry of yours.
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    Derek H. just donated $51.49
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    Diane B D. just donated $100
$6,828.02
raised of $15,000 goal
45%
  • Recent Donations
  • Donor Avatar
    Mary Elaine B. just donated $1,775
  • Donor Avatar
    Anonymous just donated $500
  • Donor Avatar
    Kronski J. just donated $55
  • Donor Avatar
    David W. just donated $154.05
  • Donor Avatar
    AMY T. just donated $25.85
    Proud of you Erik. Thank you for always being a guiding light in this dark world. God bless you my friend and this new ministry of yours.
  • Donor Avatar
    Derek H. just donated $51.49
  • Donor Avatar
    Karen M. just donated $51.49
  • Donor Avatar
    Diane B D. just donated $100

Fundraise for This Campaign

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

How RIP Works

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

  • 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.


Frequent Questions

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


Relevant Documents:

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.

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.

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

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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