RALEIGH, N.C.– The Coastal Credit Union Foundation has made a grant to RIP Medical Debt that has helped erase nearly $2.2 million in medical debt owed by central North Carolinians.
According to the foundation, RIP Medical Debt’s purpose is to reduce the burdens of low-income individuals with limited capacity to pay their medical bills.
“They use donations to buy bundled debt at a steep discount and then forgive it,” the foundation said. “The organization pinpoints relief to households earning less than four times the federal poverty level or whose debts are 5% or more of their annual income.”
The Coastal CU Foundation further reported that with its grant of $17,000, RIP Medical Debt was able to buy and forgive $2,177,630.87 of debt owed by 1,172 people.
The program reached people in 15 of the counties that Coastal Credit Union serves.
It’s Called Fresh for a Reason. And We Offer Home Delivery. For Free!
The biggest, best and freshest news reporting in credit unions remains free in ’23! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.