Charge-Offs
A Charge-Off is one of the most damaging credit notations you can have on a credit report. It can ruin a good credit score for up to 7 years. Charge-offs occur once a debt has been uncollected for up to 180 days. The creditor no longer counts the money you owe as a source of profit, but instead, charges it off as a loss.
Check Out
Must Reads
Dividends Explained: How to invest in companies that pay you
April 17, 2024
5 Real Banks like Chime That Are Easy To Open
April 17, 2024
5 Reasons to never close credit card accounts
April 17, 2024
Why your credit score dropped after paying off a car loan?
April 16, 2024
7 Lowest Rate Personal Loans of April 2024
April 14, 2024
5 Steps to Dispute ChexSystems Records To Get Removed
April 13, 2024
Best 1 Year CD Rates with No-Penalty for Early Withdrawal
April 12, 2024
10 Best Online Bank Accounts For Free – April 2024
April 12, 2024
5 Best Online Loans for Bad Credit
April 11, 2024
What is Telecheck: Everything You Need To Know
April 7, 2024
How to Order Your Early Warning Services Report
April 6, 2024
5 Top Credit Repair Companies of April 2024
April 5, 2024