NBC Universal Pays Off $15 Million in Medical Debt

From NBC Dallas-Forth Worth:

An estimated 17 percent of adults in America are struggling to pay debt… It’s a critical situation and can sometimes mean life or death.

So NBC 5 is doing something about it. NBC 5 has partnered with the nonprofit organization RIP Medical Debt. The organization takes debt that has gone to collections, buys it with the help of donors and then forgives the debt.

NBCUniversal, NBC 5’s parent company, is making a donation ā€” enough to forgive $2 million in medical debt in North Texas. More than 2,000 people in North Texas will receive letters, and if you get one your debt is erased.

We couldn’t choose what debt to pay, or who to pay for, and the debt could range anywhere from $100 to $100,000 ā€“ but all the debt will be relieved in North Texas.

In total, the NBC Universal Owned Television Stations Group, which owns the Dallas-Fort Worth station, made a $150,000 donation to RIP Medical Debt, which will let them retire a total of $15 million in debt across the country.

More from NBC New York:

RIP does have some criteria — they look for people who are at double the federal poverty level or below, or who owe more than they own, or who are otherwise in some kind of hardship. (As RIP buys the debt without knowing who the debtors are, it’s not possible to sign up or to request your specific debt be relieved.)

Those who get their debt relieved will receive a yellow envelope from RIP Medical Debt in the mail letting them know that the specified debt (but not necessarily all of their debt) is gone.

And from NBC Los Angeles:

The donation will help thousands across the country, more than 2,000 of whom are right here in Southern California.

For more information on the issues surrounding medical debt, please contact RIP Medical Debt.