A credit card debt write-off does not wipe out your liability for or obligation to pay that debt.
It is simply a mechanism used by credit card companies to get bad debts off their books.
As a result, debt collectors can still call or sue you to collect the debt even after it is written off.
How long before a debt is written off?
Can you legally write off debt?
Asking creditors to write off some of a debt
In some cases, creditors might be willing to write off part of a debt if you can pay off the remaining amount in a single lump sum, or over a few months. But creditors are more likely to agree to this than simply writing off the whole balance.
Do unpaid debts ever disappear?
Do unpaid debts ever disappear? Credit bureaus usually stop keeping track of delinquent amounts after six to seven years. But old debts can suddenly reappear on your credit report.
Can debt be written off due to mental health?
Mental health and debt write off
Write off is usually seen as a last resort, where there are no assets or money to pay the debt. These are guidelines only, but suggest that creditors consider writing off unsecured debts when mental health conditions are long-term and there is little chance of the debt being repaid.