SAN ANTONIO – If you open your mailbox this week and see an envelope from RIP Medical Debt, open it. It’s not junk, it’s not a bill, and it’s not a scam. What it may be is life-changing.
Nearly 10,000 Bexar County residents have had their medical debt wiped out thanks to a partnership between the nonprofit RIP Medical Debt and EarnIn, a financial technology company.
“We often hear from people, ‘This seems too good to be true. I opened the letter, I couldn’t believe it,’” said Daniel Lempert with RIP Medical Debt. “We get that because there isn’t a huge precedent of good news showing up in people’s mailboxes.”
RIP Medical Debt is a charity that buys debt in bulk for pennies on the dollar. This time it totaled $13.9 million in debt burdening Bexar county residents. EarnIn donated the money to acquire the debt. But instead of trying to collect …