Columbia Bank and ForgiveCo Partner to Eliminate $5 Million in Southern California Veteran Medical Debt

Columbia Bank and the organization ForgiveCo have launched a joint initiative to eliminate $5 million in outstanding medical debt for military veterans residing in Southern California. The partnership utilizes a debt-forgiveness model to clear these financial obligations, aiming to provide relief to former service members across the region.

The program functions by purchasing portfolios of medical debt at a fraction of their original value, which allows the organizations to retire the debt in its entirety for the affected individuals. Veterans who qualify for this relief will receive notification by mail, confirming that their specific medical debts have been settled. This effort targets a broad cross-section of Southern California’s veteran population, addressing long-standing financial burdens associated with healthcare costs. Both Columbia Bank and ForgiveCo have structured the initiative to ensure the debt erasure process remains automated for the recipients, requiring no direct action from the veterans themselves to finalize the cancellation of their balances.

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Date: July 2, 2026

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GOAI