Latest Posts
Home > Reader Questions > What Do I Do About My Old Charged Off Accounts? – Andrea

What Do I Do About My Old Charged Off Accounts? – Andrea

I have about 3 charged off accounts totaling about $4,000, they are due to “fall off” my credit report in about 2 yrs or less, but i have collectors calling and threatening legal action against me. I dont have money to settle on the spot, i was wondering if setting up a debt management plan w/ a credit counselor would be better than filing for bankruptcy ?

My main concern is the effect either option would have on my credit score/ report and any plans to obtain credit/ loans in the future ?

Andrea

It’s time to put debt behind you and start dreaming about your life after debt. – Click to Tweet

The Answer

This reader question was submitted for site members to answer.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.

If you have a credit or debt question you’d like to ask just use the online form.


Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

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.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.