3 Steps to Settling a Charge Off
posted by alanglender 97 days 14 hours 12 minutes ago
If you have a charge-off on your credit history, all this means is that a creditor gave up on you and turned the debt over to a collections agency. It doesn't mean you no longer owe the debt, it simply means that the creditor has written it off for tax reasons as part of their profit and loss statement; to them, it's normal; to you, it's one of the most damaging items you can have on your credit report.
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