Credit card balances have reached unprecedented levels nationwide, with Americans collectively carrying over $1.23 trillion in credit card debt currently. And, as credit card rates remain elevated and ...

When a credit card issuer agrees to forgive a portion of your balance, you may receive an official letter stating that a portion of your debt has been forgiven. This marks a significant milestone in ...

If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...