This is a very important question, and the answer is yes… in some instances and in some situations, credit card companies do write off debt. Usually, a debt is written off if the person owing the credit card company completely stops paying. In this case, the credit card company will usually write off the debt, sell the debt to a collection agency, and this agency will then pursue collections. 

Getting your debt written off by a credit card company is something that really varies by incident, and is not something that you can definitely plan on. Some people think that if they just ignore the credit card company’s attempts to bill them, and stop paying anything altogether, that they will get their debt written off. While this has happened before in the past, it is not something that you should try. Many professionals agree that, instead of worrying about how to get your debt written off, you just try to avoid credit card debt altogether. While this might be tough, it is a lot tougher meeting the minimum balances of a credit card debt, and interest rates over 20% (which is normal on a credit card), can really hammer you if you miss a payment. 

So, getting your debt written off is really not your best bet, unless you already see no other option. In this case, you might want to contact a lawyer and see what he/she has to say.

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.