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Medical debt also hits the middle class particularly hard, according to a 2023 report from Third Way, a center-left think tank. Although these folks are more likely to have better health insurance ...
In 2018, two local women from the Finger Lakes region in New York partnered with the nonprofit RIP Medical Debt after fundraising for the purpose of debt collection for debt forgiveness. The nonprofit looks for bundled packages of debt from first or third party agencies which the group negotiates to purchase at discounted prices (pennies on the ...
Undue Medical Debt, formerly RIP Medical Debt, [1] is a Long Island City–based 501(c)(3) charity [2] focused on the elimination of personal medical debt. [3] Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico, [4] the charity purchases portfolios of income-qualifying medical debt from debt collectors and healthcare providers, and then relieves the debt. [5]
Medical debt is a big burden for the middle class. Almost a quarter of middle-class Americans, or 17 million people, had unpaid health care bills in 2020, a larger share than those higher and ...
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During the 1990s, CityPlex was the home of Commercial Financial Services, a large debt collection agency founded by Bill Bartmann, which at one point had almost four thousand employees, but then filed a high-profile bankruptcy in 1998. In November 2010, it was reported that Bartmann would return to CityPlex with his new debt collection company ...
The agency declined to comment on current debt levels. But the problem persists. In a 2022 survey of nearly 1,429 adults over 65, the Senior Citizens League found that nearly a quarter had ...
A debt buyer is a company, sometimes a collection agency, a private debt collection law firm, or a private investor, that purchases delinquent or charged-off debts from a creditor or lender for a percentage of the face value of the debt based on the potential collectibility of the accounts. The debt buyer can then collect on its own, utilize ...