TransUnion Healthcare Announces Support of RIP Medical Debt to Help Consumers Avoid Bankruptcies

CHICAGO, Ill. -- Medical debt is the number one cause of bankruptcy in the United States. To help consumers faced with mounting medical bills avoid bankruptcy, TransUnion Healthcare announced today that it is supporting the efforts of RIP Medical Debt (RIP), a 501(c)(3) nonprofit located in metropolitan New York, but working nationally. RIP, founded in 2014, has a single mission: to help relieve deserving Americans and veterans of medical expenses they are unable to pay.

“Our nonprofit uses donor funds to locate and then purchase unpaid and unpayable medical debt,” said Craig Antico, CEO and co-founder of RIP Medical Debt. “With TransUnion’s support, we can further address the difficult problem of identifying those individuals who are truly charity-worthy and take the next step of actually removing that debt burden.”

RIP Medical Debt will be using TransUnion Healthcare’s financial assessment solution to both evaluate portfolios of debt they own and to locate new medical debt. The nonprofit utilizes credit data for the purpose of purchase and forgiveness of medical debt that meets specific criteria of the donors.

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