EPISODE · Jul 25, 2025 · 4 MIN
Do You Still Owe A Charged-Off Debt? - The Credit Pros
from The Credit Pros Podcast · host The Credit Pros
A charge-off occurs when a creditor believes a debt won't be paid after 180 days past due, resulting in significant credit score damage and potential collection efforts. Paying off charged-off debts doesn't necessarily improve credit scores and can lead to temporary score drops. However, ignoring such debts can lead to lawsuits, further credit damage, and other financial complications.
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Do You Still Owe A Charged-Off Debt? - The Credit Pros
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