Credit Card Debt Written Off

Many debtors search for the “clear credit card debt loophole” and how you can get “credit card debt written off” in the UK?

Using the clear credit card debt loophole can help you improve your disposable income by only repaying an affordable monthly repayment.

There are debt solutions with legal loopholes to write off debts and clear your credit card debts you cannot afford to pay.

Prior to writing off credit card debts, some look to find ways for credit card consolidation methods with balance transfers.

In this Credit Card Debt Written Off guide, we will explain all the viable options available in June 2022 if you are struggling with credit card money worries.

What does ‘writing off’ debts mean?

Writing off your credit card debt means that your creditors have agreed to and cannot continue to chase you for the money that you owe.

Writing off debts will only be considered in very rare circumstances such as if you are long-term unemployed or experiencing mental health issues because of the stress of the debt.

However, if your debt does get written off it doesn’t mean it’s completely gone away, it will still stay on your credit report as paid or partially paid.

If it is listed as a partially paid debt it could impact your credit score.

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What are my options?

Writing off credit card debt is usually agreed upon if you are struggling with the repayments, the usual ways you can write off your debt are:

  1. Bankruptcy
  2. Debt relief order
  3. Individual voluntary arrangement(These measures only apply to England, Wales, and Northern Ireland)

However, whilst these measures will write off all or some of your debts this method may not be suitable for everyone since there is a risk of losing assets.

Such as your house or your car, so it’s important to get the right advice when dealing with debt.


If you are in Scotland you can use:

  1. Sequestration or Scottish bankruptcy
  2. Protected trust deed
  3. Minimal assets process bankruptcy

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What happens next?

Once the debt has been settled, you will no longer be responsible for payments and the company or creditors will not be able to contact you regarding the debt.

In the likely event that the creditor has agreed to partially write off your debt, you will still be expected to pay the outstanding balance.

Either through smaller monthly payments or a lump sum. A partial debt write-off will be marked on your credit file which could potentially impact your credit score.

the debt will be listed on your credit history for six years, meaning afterward you will be able to make a fresh start.

Credit card debt advice

If you are still worried about your debt or looking for alternative ways to write the debt off, you should take advantage of a money advice service.

They are debt specialists that help to deal with every kind of debt and can explore any options that they think may be suitable for you.


Applying to write your debt off may work out well for you if you come under the accepted criteria and relieve the stress and give you financial freedom in a sense.

A debt management plan is probably the best route to go down most of the time when looking to seek advice

Another option would be an IVA which is an Individual voluntary arrangement that is a legally binding agreement

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Alternatively, you could also speak to your credit card company to see if they can offer any free debt advice.

Credit card companies are more than likely to refer you to a debt adviser or a debt management company to find the best debt solution for you.

When you owe money it can be a hard financial time for you no matter how big the debt is so it’s always important that you find a solution that fits your needs.

Credit Card Debt Help Information

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