Nonprofit pays off $30 million in medical debt for more than 20 million people. How to see if you were included
—
HOUSTON, Texas – An estimated 20 million people will have their medical debt paid off after a nonprofit cut a deal to pay off outstanding medical balances.
Undue Medical Debt, a national nonprofit organization that pays off personal medical debt, is paying off $30 billion in outstanding medical debt through a partnership with Virginia-based debt trading company Pendrick Capital Partners.
The deal is set to help an estimated 20 million people throughout the United States living at or below 400% of the federal poverty level or whose medical debt constitutes 5% or more of their annual income.
Without this intervention, these debts would have been sold to for-profit collection agencies. The partnership allows Pendrick to exit the medical debt collection space, alleviating a burden from families nationwide.