Posts Tagged "charged off"

Adding a statement explaining collection accounts to your credit report

Dear Experian,

Can I include a letter in my credit report to explain a charge off or collection?

– SMB

Settled or charged off accounts in your credit report are “potentially negative”

Dear Experian,

If an account is paid off/closed, settled, or charged off, why would it still be showing as potentially negative? Is there any way to get these removed so they no longer affect me negatively?

– JNG

Paying off account will not restart the seven year time frame

Dear Experian,

If a charged off credit card is about to drop off and I pay it off, can the creditor restart the seven year time frame on my report?

Thank you.

– PYR

Defining charged off, written off and transferred

Dear Experian,

What are the definitions of charged off, written off and transferred?

– CPL

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