Credit Card Forgiveness Program: Is It Real, and Can Your Debt Be Canceled?

credit card forgiveness program

Here is the short answer. As far as I can tell from federal consumer guidance, there is no general government credit card forgiveness program that automatically cancels ordinary credit card balances. That does not mean relief is impossible. Credit card debt can sometimes be reduced through a negotiated settlement, discharged in bankruptcy, or limited by … Read more

Credit Card Debt Relief Options Explained: Consolidation vs. Settlement vs. Forgiveness

credit card debt relief options

If you have been searching for credit card debt relief options, you have already noticed the problem: every company sounds like a government-backed rescue program, every advertisement promises dramatic savings, and the words “consolidation,” “settlement,” and “forgiveness” are used almost interchangeably. They are not the same thing. The credit card debt relief options available to … Read more