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If you’re in over your head with credit card debt, you may be wondering if it’s possible to have it written off. Unfortunately, credit card debt is not typically dischargeable in bankruptcy. However, there are a few other options available that may help you get out from under your debt. Let’s take a look at a few of these options and see if one might work for you.
If you don’t pay your credit card, you will eventually be penalized with fees and a lower credit score. Your credit card company may also report you to a collections agency, which can further damage your financial standing.