Charge-off Removal Services

A charge-off occurs when a creditor gives up on collecting a debt, typically after 120-180 days of non-payment. The creditor removes the debt from their active accounts receivable and writes it off as a loss for tax purposes. However, this does not eliminate your obligation to pay. The debt can still be sold to collection agencies, and you may still be sued for the balance. On your credit report, a charge-off appears as a serious delinquency that signals to future lenders that you failed to repay a debt.

We examine your charge-off accounts to identify inaccuracies in how they are being reported. Many charge-offs contain errors in the balance owed, the date of first delinquency, or the account status. We also verify that the creditor is properly reporting the account as charged off rather than as an active collection. By disputing these errors and requesting verification of the debt, we can often have charge-offs removed or updated to show a more favorable status.

A charge-off is one of the most serious negative items that can appear on your credit report. It occurs when a creditor determines that a debt is unlikely to be collected and writes it off as a business loss. Despite the term, a charge-off does not mean your debt is forgiven. You still owe the money, and the negative mark can devastate your credit score for up to seven years. Our charge-off removal service helps you challenge these accounts and work toward their removal.