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Contrary1

(12,629 posts)
Tue Jun 2, 2015, 12:57 AM Jun 2015

Two former debt collectors are on a mission...to pay off people’s medical debt

How great is this?

NEW YORK —"Hospital stays, doctor visits, procedures, tests. It all adds up, and not even insurance can protect some from falling into debt.

Craig Antico and Jerry Ashton want to help. They’re former medical debt collectors with years of experience. Now, instead of hounding people to pay up, they’re absolving complete strangers of their bills through the non-profit they recently launched called RIP Medical Debt.

“We go to the hospital, and offer them a penny on the dollar for any of their accounts that are under two times the poverty level, or the people who are spending 5 percent of their income, or more, on their medical bills,” explained Antico, the non-profit’s CEO.

“We take it off their hands. But instead of going to a collection agency, instead of creating a series of phone calls, it’s gone,” added Ashton, RIP Medical Debt’s Executive Vice President..."

More: http://pix11.com/2015/05/27/two-men-on-a-mission-to-pay-off-peoples-medical-debt/
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Two former debt collectors are on a mission...to pay off people’s medical debt (Original Post) Contrary1 Jun 2015 OP
That's pretty cool gopiscrap Jun 2015 #1
Rolling Jubilee by OWS did the same thing Warpy Jun 2015 #2
That is fantastic!! sabrina 1 Jun 2015 #3
That is so beautiful. Paka Jun 2015 #4

Warpy

(111,478 posts)
2. Rolling Jubilee by OWS did the same thing
Tue Jun 2, 2015, 02:07 AM
Jun 2015

with medical and student debt and by golly, they're still there.

I've donated, I need to do it again. It's a nifty idea, buying up debt for pennies on the dollar and retiring it instead of robo calling duns.

sabrina 1

(62,325 posts)
3. That is fantastic!!
Tue Jun 2, 2015, 02:29 AM
Jun 2015

Looks like they are emulating Strike Debt an offshoot of OWS who have been buying up Student debt for pennies on the dollar and wiping it out.

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