What is a Charge Off

3 years ago
31

Is a charged-off account bad? You bet! It can have serious effects on your credit report, and even years after the fact. A charge-off occurs when you don't pay full monthly payments for several months at once--and sometimes it's impossible to recover from this type of debt until long after all other debts are paid in full.

Get your 3 Credit
Reports and Scores!
Experian, Equifax, and TransUnion Reports & Scores
Daily Credit Monitoring & Alerts
https://member.identityiq.com/help-you-to-save-money.aspx?offercode=431129R4

Loading comments...