by Johnny Simms
This is a very significant question. In some cases and in some circumstance, credit card companies do write off debt. A debt is usually written off if the person who owes the credit card company stops paying completely. In such cases, the credit card company usually writes off the debt, then sell the debt to a collection agency, and this agency in turn will pursue collections.
Getting a credit card company to write off your debt is something that varies depending on the situation, and is not something that you can plan. Some people think that if they just dismiss the credit card company's efforts to bill them, and cease paying anything completely, that they will get their debt written off. While something like this has happened before in the past, it is not something that you should attempt. Many professionals agree that, rather than worrying and wondering about how to get your debt written off, you should just try to avoid credit card debt altogether. This might be hard, it is a lot harder taking on the minimum balances of a credit card debt, with interest rates over 20 percent (which is normal on a credit card), can really soar you if you miss a payment.
So, attempting to have your debt written off is not really your best bet, unless you feel like you have no other option. In this instance, you might
want to contact a lawyer and ask for advice.
VIA Loan Safe
Keyword: Credit Card
