
The Problem
In the past forty years, medical costs have doubled, insurance copays and deductibles have spiked, and bankrutpcy rates have quadrupled. More than 60% of bankruptcies in America have medical debt as a root cause.
Most Texans have worked hard and saved responsibly in order to be financially independent, but few have the savings to cover an unexpected $1,000 medical expense. Even after insurance payouts, many are left with unaffordable monthly payments and savings that quickly run dry. Texans who normally would never dream of ignoring a bill are forced to choose between providing for their family and carving deep into their utility and food budget to pay off a debt incurred through no fault of their own. Without help, some will never escape debt.
How You Can Help
RIP Medical Debt uses donations to purchase bundled medical-debt portfolios on the secondary debt market. RIP targets debt incurred by people facing financial hardship, and then forgives it. On average, $1 is leveraged to abolish $100 in medical debt, and every donation through this page will be spent directly on abolishing debt in Texas.
When debt-relief recipients open the yellow envelope from RIP, they are 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. A recent beneficiary wrote us, saying,
“I read my letter over a few times to make sure it was the real thing. Receiving this debt relief renewed my faith that I can get back on track. It jump-started it – that we can do this – I can get back in the game! It’s unheard of what RIP does, and it’s a game changer in the medical world. It’s a game-changer for me.”
— Reagan, Murchison, TX.
Every dollar you contribute is on par with a $100 investment in Texan towns and cities. Money will stay in the community instead of being taken by out-of-state debt collectors. On average, $16 can abolish the medical debt of an entire family, allowing them to invest in a home, schooling, or retirement.
Campaign Support Recipients
Recent Donations
- Anonymous just donated $1000.20
- Anonymous just donated $102.77
- Paige C. just donated $100.00
- Anonymous just donated $102.77
- Anonymous just donated $256.62
- Michelle D. just donated $102.77
- Nickolas S. just donated $500.20
- Desrye M. just donated $102.77
How RIP Works
You make a donation
With every donation, RIP uses its precise data analytics to pinpoint the medical debt of those most in need of relief: households whose income is below twice the federal poverty line or are insolvent.
RIP buys medical debt at a steep discount
Your donations allow us to buy debt in bundles. That allows us to buy debt at a fraction of the original cost. So whatever you donate has 100x the impact.
Together we wipe out medical debt
People receive a letter that their debt is gone. No taxes. No penalties. Just like that, they're free of medical debt.