Credit card debt forgiveness can reduce what you owe, in some cases substantially, if you meet certain conditions. Muhammad Aqib/Getty Images

After years of high (and climbing) credit card rates , many Americans are running out of ways to keep up with their rapidly growing balances. A major part of the issue is that the average credit card APR has hovered near or above 22% for most of 2025, and card balances have reached new highs , according to the Federal Reserve. In turn, the interest charges can compound rapidly , especially for those carrying higher-than-average card balances. And, as inflation edges higher again and budgets tighten, even minimum payments are becoming hard to manage for many borrowers.

That reality has pushed more cardholders to explore the idea of

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