Posts tagged minimum payment
What is a Charge-Off and What Happens to the Debt?

One of the terms you need to understand to optimize your credit is a charge-off. You might be asking what is a charge off? A charge-off is a situation that sometimes occurs on consumer credit reports. You might at some point find yourself in the position of having to deal with a charge-off. It's important to know your options in this situation. It's also important to carefully think through how you'll handle the situation.

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