WASHINGTON, March 4, 2026, 07:40 EST
The U.S. Department of Veterans Affairs does not run a catch-all VA debt relief program for veterans’ credit card balances, personal loans or private medical bills, leaving most borrowers to look beyond the agency for help, CBS News reported on Tuesday. Any relief through the VA is generally tied to money veterans owe the government, such as benefit overpayments. 1
There is also no blanket federal program that wipes out credit card debt simply because someone is a veteran, another CBS News report said. With average card APRs — the annual percentage rate lenders charge on borrowing — still above 21%, balances can grow quickly for borrowers who are only able to make small…