Credit card debt can be an overwhelming challenge for a lot of people — especially right now. Persistent inflation has caused the Federal Reserve to hike interest rates several times over the last couple of years, and, in turn, credit card rates — which are variable — have also increased. Those higher rates have caused rising credit card balances — now totaling 1.13 trillion nationwide — making it difficult for those with high balances to pay off what they owe.
Learn more and enroll in credit card debt forgiveness now. Credit card companies don't usually forgive 100% of your debtIn most cases, the only way that credit card companies will forgive 100% of your debt is if you file for bankruptcy. With credit card debt forgiveness, the debt relief provider negotiates settlements after months of nonpayment. In turn, they may be willing to forgive a portion of your balance to receive at least some payment on what you owe.