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5 signs you may qualify for credit card debt forgiveness

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You may qualify for credit card debt forgiveness if you’re dealing with financial hardship. 

Peter Muller


If you carry credit card balances from month to month, the debt you owe may become overwhelming. After all, the high interest rates that credit cards can come with make credit card debt difficult to pay off

When that happens, it can be beneficial to consider credit card debt forgiveness. While debt forgiveness programs don’t completely rid you of your debt, they could reduce significantly the total amount you owe. But how do you know whether you’ll qualify for this type of debt forgiveness?

Explore your credit card debt forgiveness options now

5 signs you may qualify for credit card debt forgiveness

Credit card debt forgiveness programs are designed for people dealing with financial hardship. Here are a few signs that you’ll qualify for a credit card debt forgiveness program:  

You rely on credit cards to pay for everyday expenses

“If you find you are relying on credit cards to pay for everyday life and/or are only able to make the minimum payment each month, then debt forgiveness might make sense,” says Krisstin Petersmarck, investment advisor representative at Bridgeriver Advisors. 

If you get in the habit of using your credit card to pay for everyday expenses, it can cause your balance to grow over time. And, as your credit card balance grows, so will your minimum payments. 

Should this cycle continue, your minimum payments could eat into your paycheck, leading you to continue using your credit card for daily expenses. Over time, this could lead to maxed-out credit cards, high credit card payments and an inability to cover your daily expenses. 

If that pattern seems familiar, it might be time to reach out to credit card debt forgiveness experts. 

Get in touch with a credit card debt forgiveness expert today

You feel financially stressed

“Additional signs may include your credit score going down and you are feeling financially stressed,” says Petersmarck. 

“If you find yourself constantly juggling payments, falling behind on other financial obligations or feeling trapped by mounting debt with no clear resolution in sight, it’s likely time to consider seeking debt forgiveness options,” Justin Stivers, financial advisor and founding attorney at Stivers Law agrees, says.  

You’re receiving collection calls and notices

“If you are receiving collection notices and phone calls about your debt, then debt forgiveness is probably best,” says Petersmarck. 

If your debts are significantly past due, your lenders may be under the impression that what you owe is a bad debt. This, in turn, could increase the likelihood of them accepting a settlement offer presented by a debt forgiveness professional on your behalf. 

You’re stuck between paying your bills and building an emergency fund

Borrowers may qualify for debt forgiveness if they are “struggling to make their monthly credit card payments and/or unable to afford emergency costs when they arise,” says Lamine Zarrad, founder and CEO of the credit-building tool StellarFi. “It can be difficult to determine if one should pay off their debt or build an emergency fund first, and the answer will depend on one’s circumstances.”

Having to choose between paying your bills or saving for an emergency fund is an indicator that you may qualify for credit card debt forgiveness. 

“The inability to pay toward either one is a sign that your debt is no longer manageable and will likely only compound with interest, which will only result in higher debt owed,” Zarrad says. 

How to prepare for a debt forgiveness program

If you’re experiencing any of the signs mentioned above, it may be time to reach out to a credit card debt forgiveness program. And, to streamline the process, it can help to get prepared. Start by:

  • Understanding your debts: List your debts, including all current balances, interest rates and minimum payments, to get a better understanding of what you owe. 
  • Understanding your budget: Determine how much money you have available to pay toward your debts. This is important information for the debt forgiveness expert, who will use it to help create an affordable payment plan. 
  • Preparing your documents: If you decide to enroll in a debt forgiveness program, it can help to have the following documents handy: your most recent credit card statements, information on your bank account and routing number and a state-issued ID.

The bottom line

If you’re having a hard time making your minimum payments, it may be relatively simple to qualify for credit card debt forgiveness. So, if you’re facing financial hardship and don’t see a feasible way to pay off your debts in the next few years, consider reaching out to a credit card debt relief service today



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Social Security Fairness Act passes U.S. Senate

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Legislation to expand Social Security benefits to millions of Americans passed the U.S. Senate early Saturday and is now headed to the desk of President Joe Biden, who is expected to sign the measure into law.

Senators voted 76-20 for the Social Security Fairness Act, which would eliminate two federal policies that prevent nearly 3 million people, including police officers, firefighters, postal workers, teachers and others with a public pension, from collecting their full Social Security benefits. The legislation has been decades in the making, as the Senate held its first hearings into the policies in 2003. 

“The Senate finally corrects a 50-year mistake,” proclaimed Senate Majority Leader Chuck Schumer, a Democrat from New York, after senators approved the legislation at 12:15 a.m. Saturday.

The bill’s passage is “a monumental victory for millions of public service workers who have been denied the full benefits they’ve rightfully earned,” said Shannon Benton, executive director for the Senior Citizens League, which advocates for retirees and which has long pushed for the expansion of Social Security benefits. “This legislation finally restores fairness to the system and ensures the hard work of teachers, first responders and countless public employees is truly recognized.”

The vote came down to the wire, as the Senate looked to wrap up its current session. Senators rejected four amendments and a budgetary point of order late Friday night that would have derailed the measure, given the small window of time left to pass it. 


Some seniors shut out of full Social Security benefits

02:20

Vice President-elect JD Vance of Ohio was among the 24 Republican senators to join 49 Democrats to advance the measure in an initial procedural vote that took place Wednesday.

“Social Security is a bedrock of our middle class. You pay into it for 40 quarters, you earned it, it should be there when you retire,” Ohio Senator Sherrod Brown, a Democrat who lost his seat in the November election, told the chamber ahead of Wednesday’s vote. “All these workers are asking for is for what they earned.” 

What is the Social Security Fairness Act?

The Social Security Fairness Act would repeal two federal policies — the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) — that reduce Social Security payments to nearly 3 million retirees. 

That includes those who also collect pensions from state and federal jobs that aren’t covered by Social Security, including teachers, police officers and U.S. postal workers. The bill would also end a second provision that reduces Social Security benefits for those workers’ surviving spouses and family members. The WEP impacts about 2 million Social Security beneficiaries and the GPO nearly 800,000 retirees.

The measure, which passed the House in November, had 62 cosponsors when it was introduced in the Senate last year. Yet the bill’s bipartisan support eroded in recent days, with some Republican lawmakers voicing doubts due to its cost. According to the Congressional Budget Office, the proposed legislation would add a projected $195 billion to federal deficits over a decade. 

Without Senate approval, the bill’s fate would have ended with the current session of Congress and would have needed to be re-introduced in the next Congress. 



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Saturday is the winter solstice and 2024’s shortest day. Here’s what to know about the official start of winter.

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The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, in the Northern Hemisphere. The celestial event signifies the first day of winter, astronomically. 

What is the winter solstice?

The winter solstice is the day each year that has the shortest period of daylight between sunrise and sunset, and therefore the longest night. It happens when the sun is directly above the Tropic of Capricorn, a line of latitude that circles the globe south of the equator, the National Weather Service explains. 

The farther north you are, the shorter the day will be, and in the Arctic Circle, the sun won’t rise at all. 

How is the day of the winter solstice determined?

The winter solstice occurs because of the Earth’s tilt as it rotates around the sun. 

When the Northern Hemisphere tilts away from the sun, the nights last longer. The longest night happens on the solstice because the hemisphere is in its furthest position from the sun. That occurs each year on Dec. 21 or 22. 

This year, it falls on Dec. 21 at 4:21 a.m ET, to be precise.

On the summer solstice, when the northern tilt is closest to the sun, we have the longest day, usually June 20 or 21.

Illustration of the Earth's tilt in different seasons
This illustration from the National Weather Service shows the tilt and rotation of the Earth on the winter and summer solstices, as well as the autumnal and vernal equinox marking the beginning of fall and spring.

National Weather Service


The solstices are not always exactly on the 21st every year because the earth’s rotation around the sun is 365.25 days, instead of 365 even. 

Will days start getting longer after the winter solstice?

Yes. Each day after the solstice, we get one minute more of sunlight. It doesn’t sound like much, but after just two months, or around 60 days, we’ll be seeing about an hour more of sunlight. 

When will winter officially be over in 2025?

The meteorological winter ends on March 20, 2025. Then, spring will last until June 20, when the summer solstice arrives. 

How is the winter solstice celebrated around the world?

Nations and cultures around the world have celebrated the solstice since ancient times with varying rituals and traditions. The influence of those solstice traditions can still be seen in our celebrations of holidays like Christmas and Hanukkah, Britannica notes.

The ancient Roman Saturnalia festival celebrated the end of the planting season and has close ties with modern-day Christmas. It honored Saturn, the god of harvest and farming. The multiple-day affair had lots of food, games and celebrations. Presents were given to children and the poor, and slaves were allowed to stop working. 

Gatherings are held every year at Stonehenge, a monumental circle of massive stones in England that dates back about 5,000 years. The origins of Stonehenge are shrouded in mystery, but it was built to align with the sun on solstice days

Winter Solstice at Stonehenge
People gather at sunrise for the winter solstice celebrations at the Stonehenge prehistoric monument on Salisbury Plain in Wiltshire, England, on Dec. 22, 2021.

Andrew Matthews/PA Images via Getty Images


The Hopi, a Native American tribe in the northern Arizona area, celebrate the winter solstice with dancing, purification and sometimes gift-giving. A sacred ritual known as the Soyal Ceremony marks the annual milestone.

In Peru, people honor the return of the sun god on the winter solstice. The ancient tradition would be to hold sacrificial ceremonies, but today, people hold mock sacrifices to celebrate. Because Peru is in the Southern Hemisphere, their winter solstice happens in June, when the Northern Hemisphere is marking its summer solstice.

Scandinavia celebrates St. Lucia’s Day, a festival of lights. 

The “arrival of winter,” or Dong Zhi, is a Chinese festival where family gathers to celebrate the year so far. Traditional foods include tang yuan, sweet rice balls with a black sesame filling. It’s believed to have its origins in post-harvest celebrations. 

Researchers stationed in in Antarctica even have their own traditions, which may include an icy plunge into the polar waters. They celebrate “midwinter” with festive meals, movies and sometimes homemade gifts.



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