If you are not eligible for credit card debt forgiveness or if you decide that it is not the right option for you, there are other alternatives that you can consider. These include debt consolidation, balance transfer, and increasing your income. Debt consolidation involves combining multiple debts into a single loan with a lower interest rate. Balance transfer involves transferring your high-interest credit card debt to a card with a lower interest rate. Increasing your income can also help you pay off your debt faster and avoid accruing additional debt.
Another alternative is a low interest credit line designed for paying off debt like Gauss.money
. With Gauss you can lower your APR from 28% for example to just 15% which can save your thousands in the form of interest savings, and shave months off the time it takes to payoff the debt.