Charge Off on Credit Reports? What It Means (and How to Fix It
Whether it’s a new listing or something that’s been on your credit reports for years, a charge off is cause for concern. It not only does major damage to your credit score, but likely means dealing with aggressive debt collection efforts, including the possibility of a lawsuit. Your best line of defense? Learning all you can about what a charge off actually means and what you can do to fix it during the credit repair process.