Here are three debt forgiveness programs to address credit card and unsecured debt, student loans, and money owed to the IRS. Debt forgiveness programs help you pay off your bills and collection accounts for less than the full balance owed, resulting in a portion of the debt getting forgiven.
Debt forgiveness programs are not all the same, depending on the type of debt you have. When it comes to student loans you can consolidate and get on an income-based repayment IBR plan. The IBR does offer student loan debt forgiveness. If you have a public service job, like police officers and teachers, you can qualify for loan forgiveness in only ten years through the Public Service Loan Forgiveness PSLF program. For anyone else, you can qualify for student loan forgiveness in years.
After the credit card company writes off a debt, at that point they wipe their hands clean of the debt and sell it to a collection agency. Sounds great, right? Well, there is a catch … of sorts. So far, so good, right? It gets better. There is one caveat however. Reader questions about paying off student loans Q: I have a school loan for me and my daughter from Also read this post about smart ways to pay off student loans.
Both of these items will give you great ideas about how to best tackle that student loan debt. Related Articles. Covid Video. Student Loans. Next Post. The Health Insurance Marketplace offers health, vision, and dental insurance for you and your family. Everyone is eligible for health insurance through the Marketplace. You may also qualify for subsidies to help pay your premiums. How you apply for a plan in the Health Insurance Marketplace depends on what plan you choose.
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