credit card charge-off

African American couple reviewing finances while learning why you should never pay a charge-off without a plan.

Why You Should Never Pay a Charge-Off Without a Strategy

Why you should never pay a charge-off without understanding the consequences is one of the most important lessons in credit repair. Many people rush to pay charged-off debts expecting instant credit score improvement, only to find the damage remains. This article explains why you should never pay a charge-off blindly, what really happens when you […]

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Photo Credit Card Charge-Off

What Is A Credit Card Charge-Off And How Does It Affect Future Loans?

A Credit Card Charge-Off is a formal accounting status that means a creditor has written your account off as a loss — but the debt still exists and you remain legally responsible. This event usually follows months of missed payments, and it has immediate, serious consequences for your credit score and future borrowing. In this

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