Charge-off Accounts: What They Are and What to Do About Them

Send us a textYou have a lot of debt, and you're not sure what to do about it. You've heard the term "charge-off" but don't know what it means.  A charge-off is when a creditor has decided to write off your debt as uncollectible. This doesn't mean that the debt disappears - it simply goes onto your credit report as a charge-off account. Don't panic! A charge-off can have a negative impact on your credit score, but there are things you can do to improve your credit score and get help from a financial coach. In this episode, we'll discuss what charge-offs are and how they can affect your credit score. We'll also talk about how you can get help from a financial coach.Ready to get out of debt? Schedule a free 30-minute Financial Coaching Session Now!Follow Us: FACEBOOK:  LINKEDIN: INSTAGRAM:YOUTUBE: Support the showThanks for Listening! Follow us on Tik Tok Facebook and Instagram