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Remove Charge Offs

A charge off is a debt that is deemed uncollectable, and written off. When a debt is charged off, it does not go away. It is added to your credit report and then typically sold to a debt collector. Charged off means the debt is bad, and that the account is no longer open and active. The debt is still legally valid and claimable, and the creditor can attempt to collect the full amount either through their own internal collections staff, or more likely, an outside collection agency.

charge off occurs when a consumer becomes severely delinquent on a debt. This quite often occurs after several months without payment, at which point the creditor declares the debt to be a charge off. When a creditor issues a charge off, it is added to the debtor’s credit report. A charge off is one of the worst, if not the worst thing to have on your credit report.

RemoveChargeOffs.com is packed with useful information on how you can remove charge offs from your credit report, and how you can legally and effectively obtain credit report repair from Lexington Law Firm.

Some of the useful pages you will find on RemoveChargeOffs.com include: