Yes. Most credit card companies have a hardship program. Banks will temporarily lower your interest rate for roughly 6-12 months to help you get back on track. Sometimes, they may lower your payment as well. Your financial hardship reason must be compelling to merit the benefits.

There is no documented information about a Loan Forgiveness Program thru Discover or whether or not they will negotiate debt.  However, they do offer an internal hardship program. And Discover also works with credit counseling agencies to lower your interest rate and payments.

Contact your creditors and tell them about your personal hardship. Your story must be persuasive. Provide specific details of your income and expenses. The hardship reason should involve loss of income and/or increased expenses in essential categories. Your budget should not include categories such as travel, entertainment and eating out. These should all be $0 per month to qualify.