Reader Questions

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.

Rich




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Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.


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About the author

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.

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