How to Get Charge-Offs Removed From Your Credit Report


When a creditor turns your account into a charge-off, this means that the creditor considers your account a "bad debt" and wants that reflected on your credit report as a warning to future creditors. In most cases, this happens between 180 and 240 days after your last payment.

Charged-off does not mean you are excused from paying the debt. The debt is still your legal obligation. The creditor can still try to collect the money from you. And the creditor still has the right to file a lawsuit against you if your debt falls within the statute of limitations for credit accounts.

You should try to get the charge-off removed from your credit report because it makes a serious negative impact on your credit score for years to come. The best way to remove the charge-off is to ...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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