VA Debt Relief Program for Veterans? Here’s Why Credit Card Debt Usually Won’t Be Forgiven
There’s no broad VA debt relief program covering veterans’ credit cards, personal loans, or private medical debts, CBS News reported Tuesday. For the most part, veterans have to seek assistance elsewhere, as the VA typically only offers relief for debts owed directly to the government, like benefit overpayments. Another point from CBS News: being a veteran doesn’t mean your credit card debt disappears through any federal program. Borrowers making just minimum payments are especially vulnerable, given that average card APRs remain stuck above 21%. High rates can make balances balloon fast.
