Trae Young Helps Cancel Over $1M In Medical Debt With Donation

RIP Medical Debts helps those who need financial assistance with paying health-related bills. The organization puts an emphasis on those below the poverty level or with debts that are significantly larger than their incomes.

The company was founded in 2014 by two former debt collectors and use the money donated to buy medical debt for cheaper than the typical value.

By purchasing portfolios of bundled medical debt on the secondary debt market, they are able to erase debts far greater than the funds donated.

Young’s donation of $10,000, given through the Trae Young Foundation, was able to get rid of $1,059,186.39 worth of medical debt for 570 people in the area.