Forgiving Medical Debt

Trinity Moravian Church is partnering with RIP Medical Debt to purchase and forgive medical debt in our area.

Our first project will begin on August 1, 2022 and conclude on October 31, 2022.  During this period we plan to raise $5,000 to purchase – and then forgive — $500,000 in medical debt owed by families in Forsyth County, NC.  Any overage will be applied to medical debts in Davidson County.

How can we do this?  Medical debt is often sold off to a secondary market for pennies on the dollar.  RIP Medical Debt has created a visionary system where they intervene and buy that hard-to-collect debt for a penny on the dollar.

1 in 4 Americans owes medical debt that cannot be immediately paid.  More than half the personal bankruptcies in the US are due to medical debt.  The US is the only industrialized nation where an illness can reduce a family to poverty.  Until recently, medical debt was included in credit reports, crippling families’ ability to rent a apartment or buy a car.  Families working paycheck-to-paycheck who were “making it” before are driven into poverty by an illness or an accident, and the subsequent medical debt.