What are the rules for credit card debt forgiveness?

Other times, you may be eligible to have your debt forgiven. ... There are exceptions to this general rule, such as when you co-sign a loan. ... It is important to note that there is a lot of variation in rules from state to state, so it's best to seek legal advice to find out which debt rules apply where you live. 2. read more

Credit Score. Any type of debt forgiveness will have a negative effect on the debtor's credit score. Bankruptcy itself can drop an excellent credit score of around 800 to a low of 650. read more

National Debt Relief may be able to help you secure credit card debt forgiveness through the “gentler” process of debt settlement. In fact, the debt settlement professionals at National Debt Relief may be able to reduce the principal balances on your unsecured debts by an impressive amount. read more