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

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 the charge offs occurred a few years back and my credit score already took majority of it’s beating, should I focus on settling this charge off first, or last? I am speaking in the sense of which creditors I should put in what order of importance.

Also say I do square off with the collector and all is paid off, is there a way that I can come out on the positive side i.e. getting the charge off removed, or getting all of the negative remarks turned into positives? I know this sounds like wishful thinking, but I always hear rumors of deals you can work out with the collectors but I never know whats true.


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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.
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