"2024 Guide to Achieving Credit Card Debt Freedom: Qualifications and Strategies"

Credit card debt forgiveness is not government-sponsored, but individuals struggling with payments may negotiate with lenders or use debt settlement programs to reduce their debt. These programs involve saving money in a special account before negotiating with creditors, which can impact credit scores and may result in taxable forgiven debt. Bankruptcy is another option for complete debt forgiveness but also harms credit. Alternatives include debt consolidation loans, using home equity, debt consolidation programs, and financial hardship programs from credit card companies. It's important to consider the impact on credit and borrowing capabilities when choosing a debt relief strategy.