like credit card debt forgiveness, can offer them. When you pursue credit card debt forgiveness, the goal is to work with your creditors to settle the debt for less than the full amount owed ...

Having a portion of your debt forgiven can offer big relief, but it's not the only debt relief route you can take.

For those facing serious credit card debt, two debt relief options — credit card debt forgiveness (also known as debt settlement) and credit card hardship programs — can provide a path forward.

Debt forgiveness does not eliminate all of your debt. In most cases, it can reduce what you owe to your creditors by an average 30% to 50%. So, if you have $20,000 in credit card debt and you ...

Debt forgiveness has consequences. For example, you may have to pay taxes on the amount forgiven. Contact your credit card issuer to learn about your options if you're about to miss a payment.