Of all types of debt, medical debt can be the most crippling to household finances. In fact, medical debt far outpaces all other types of consumer debt, making up more than 50 percent of collections on credit reports. The financial and emotional pressures of medical debt often impact the most vulnerable, the elderly and the poor.
For those reasons one local church is partnering with a national charity to eliminate medical debt for thousands of Hoosiers living in Howard and Miami counties.
Fuel Church of Kokomo and Westfield (campus coming early 2020) and RIP Medical Debt have partnered to eliminate more than $5.2 million in medical debt for more than 3,400 people.
Citing one of Fuel Church’s most-used phrases, being a “hope dealer,” Senior Pastor Jacob Burgei identified a better way to exemplify “dealing hope.” Using funds otherwise budgeted for projects in the church, the money was donated to RIP Medical Debt. In this way, Fuel Church could partner in giving hope to those in need by erasing the medical debts of thousands of Hoosiers. And because RIP purchases medical debt in large bundles for pennies on the dollar, $1 donated erases $100 of medical debt.
A letter will be sent to those whose debts have been canceled with this message from Pastor Jacob Burgei and the congregation at Fuel Church: “God loves you and so do we. As an act of love, just as Jesus forgave our debt, your debt has been forgiven.”
RIP is a 501 (c)(3) national nonprofit that relieves medical debt for Americans who wouldn’t be otherwise able to pay them. Debt relief is currently random, and the nonprofit unfortunately cannot target a specific person/family’s medical debts. Learn more: www.RIPMedicalDebt.org.