When it comes to having credit card debt forgiven, not all borrowers will qualify. Boy_Anupong/Getty Images

As we inch closer to the end of 2025, the numbers tell a sobering story about the credit card debt issues Americans are facing. Case in point? The total amount of credit card debt nationwide surpassed $1.2 trillion in the second quarter of 2025, yet another new record high, while the average cardholder owes nearly $8,000 on their unpaid balances. What's perhaps even more concerning, though, is that delinquency rates have climbed steadily over the past year. For borrowers already stretched thin, that means late fees, mounting interest charges and increasing stress as the bills pile up.

At the same time, the cost of borrowing remains steep. Average credit card APRs ar

See Full Page