Home > Tag Archives: charge off

Tag Archives: charge off

What Does A “Charge-Off” Notation Mean On My Credit Report?


Q. What does a “charge-off” notation mean on my credit report? A. A common theme in my credit card debt relief law practice is to know what you owe and have a plan to pay off your credit card debt. The best way to get a true picture of your debts is to run your credit reports from the three ... Read More »

Chase Bank Says They Are Going to Charge-Off My Debt And I’ll Still Have to Pay. – Geri

Ready to Collapse

“Dear Steve, I have been making arrangement to pay some of my creditors, but cannot afford to pay them all, I was in a debt management program but the payments were to high. Steve, I recieved a letter yesterday from Chase, statiing that my account is scheduled to charge-off. However, it was also stated that even if they write off ... Read More »

I Was Sending Less Than The Minimum Payment But What Happened to My Account? – Jan

Ready to Collapse

“Dear Steve, I was underemployed and am now totally unemployed and trying to still keep my head above water–not really working. No savings or retirement left; had to settle with one credit card company using last of my money and borrowed from family. Still have 2 cards left — way behind on those. Used cards to live on basically. I ... Read More »

I Had an Account Charge Off, Tried to Settle It, But Now I Can’t Pay. – Will

“Dear Damon, I owe on a debt that was charged off and when I tried to make arrangements to settle it a couple of yrs ago the creditor didn’t have my account anymore. I tried to receive information from them about the recent creditor so I could try to settle the debt but they wouldn’t give it to me. Now ... Read More »

Default Rates Continue to Fall at Credit Card Issuers

Ready to Collapse

Reports just out from five of the six top credit card issuers showed that default rates on accounts fell in June. Of the banks reporting, Bank of America showed the biggest reduction in default rates with Chase Bank, Discover reporting very noticeable declines. Just recently Discover said their default rate was at the lowest ever in their history. According to ... Read More »

Is There an Advantage to Paying an Attorney to Deal With an Old Debt? – Annette

“Dear Jeremy, Credit score 580 Credit history late payment excessive charge off Payday loan companies, credit cards and old Banks account closure excessive collection agencies Three questions: 1.What do I do with collection agency that is trying to collect on charge-off account from orginial creditor? 2. What do I do if charge off account with the original owner is past ... Read More »

How Can Capital One Charge Off My Debt And Keep Charging Me Excessive Fees? – Angelo

CapOne Terms

“Dear Steve, I was always under the impression that banks are required to charge off debt at 180 days. Just about every issuer does this and account balances dont seem to increase much more from that point with the exception of Capital One, I have found that Capital One balances increase almost 50% within a year of default. I am ... Read More »

We Were With MMI and Chase Bank Charged Off Our Account Anyway. – Eveline

Ready to Collapse

“Dear Steve, Chase Bank credit card customer, jointly with husband. Two open accounts. Both of us, unfortunately, diagnosed with cancer within a year, financial hardship, inevitable. Called Chase when we got behind and they said they only would go through MMI (Money Management International) to set up a repayment plan. We contacted MMI and everything got set up, confirmation letter ... Read More »

How Do I Deal With My Recently Charged Off Sears and Mervyns Cards? – Nancy

Ready to Collapse

“Dear Steve, Steve, I need more advice: I’ve just found out that I’ve two cards, Sears @ $1,300 & Mervyns @ $800 that have been charged off; Mervyns @ $1,200 has been closed. I have a good job, make good money so their was no perfectly sane reason why i stopped paying; I just did. Sears was charged off on ... Read More »

What’s the Best Way to Fix My Charge Off and Get it Removed

Ready to Collapse

Fixing charged off debt A few years ago I took a 25k loan which eventually I could not pay back. The debt has been charged off, and occasionally a company sends letters saying that they want their money. Recently I’ve began working a new job that pays very well, so I want to fix all my “credit” wrong doings. Since ... Read More »

Can a Collection Agency Send Information to a Credit Bureau Even if They Never Contact You? – Denise

Ready to Collapse

Excellent credit score….found out a charge off for $13.00 recently-then they closed credit card. I was never given a statement or mailed a collection notice or even called about owing a debt to the card company. I have not received a statement in 3 to 5 yrs because I normally dont charge anything. Was amazed when called they had all ... Read More »

How Can I Owe a Debt The Creditor Charged Off? – Janet

Ready to Collapse

being sued by collection agency have several charged off accts a collection agency says i have a debt with them but the original creditor has charged off this acct how can i owe this collection agency anything? Janet It’s time to put debt behind you and start dreaming about your life after debt. – Click to Tweet The Answer This ... Read More »

Capital One is Charging My Interest for an Account They Charged Off. – Caren

Ready to Collapse

“Dear Steve, Back in 2001 I had an account with Capital One. I disputed a charge and never paid and it resulted in them both closing and charging off the account in 2002. This was over 8 years ago. I have heard nothing on them, no collections letter, no judgements; nothing. Then out of the blue I receive a letter ... Read More »

If a Credit Card Company Charges Off a Debt Can They Still Sue You? I Was a Victim of CMS and Brad Daley. – Jay

Ready to Collapse

“Dear Steve, I also was a victim of CMS and Brad Daley. I was sued and got a judgment against me from B/A. My question is, If a credit card company writes the debt off, can an attorney still sue you? Looks like if the debt was written off the IRS would write off the total for the cc company ... Read More »

Can I Just Get By Sending $10 a Month And Not Get Sued? – Jeff

Ready to Collapse

“Dear Steve, A law office harassing me a bout a credit card bill I have. I lost my job, told the credit card company that I would pay 10 dollars a month to them until I found employment and could pay more. I have since found out that they have charged it off and referred it to a law firm. ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt. You can unsubscribe at any time with just one click. After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

I promise to keep your email safe and secure.