I just lost my job and my credit card company says it will write off $10,000 on a $30,000 debt. Should I accept?

Does the debt actually just go away?
FOX13 Memphis

Local resources for getting out of debt

MEMPHIS, Tenn. - More than half of credit card holders are carrying revolving debt, according to a new study. The J.D. Power 2025 U.S. Credit Card Satisfaction Study found 56% of cardholders are ...

Ultimate guide to getting out of debt, by top experts: How to shed credit card bills fast, truth about balance transfer cards and which debts you DON'T need to worry about

If you're struggling to get on top of your debts, it might be because you have been ushered into making the minimum repayment each month when you could afford to pay more.
NPR

3 debt myths that can hold you back from making smart financial decisions

People can feel a lot of shame about being in credit card debt. They think it means they're bad with money. That it's something to avoid, or a burden they can never pay off. Sign up for Life Kit's ...

This Nashville couple is struggling with credit card debt on a $162K income — Dave Ramsey says it would be 'easy' to erase it in a year

Could your debt problem be as simply solved?

‘Am I doomed forever?’ Credit card debit is overwhelming wealthier, educated Americans as prices stretch middle-class budgets. How to tackle your debt

Overall, American household debt — which, aside from credit card debt, includes mortgages, car loans and student loans — is ...
FOX13 Memphis

Get out of debt: Three free resources in Memphis

MEMPHIS, Tenn. - Americans owe more than one trillion dollars of credit card debt. Memphis is home to the highest rate of severe credit card delinquency among young adults, according to Federal ...