Credit Charge Offs - Expert Help for Consumers
What is a Charge Off? A charge off is a debt that is severely delinquent - usually late by 180 days or more. A charge off occurs when the creditor determines the debt is un collectable. In other words, the creditor has given up collection efforts and charged off the debt as a loss.
What Happens After a Debt is Charged Off? Two things happen once a creditor charges off a debt: (1) The original creditor sells the account to a third-party collection agency for pennies on the dollar; (2) Both the creditor and collection agency report negative items on your credit bureau reports. A recent charge off is one of the most severely damaging items you can have on your credit history.
"I Deleted All my Charge Offs- I'm Finally a Home Owner"
Get the Whole Amazing "hard luck" story of how I deleted charge offs, collections, and even a county court judgment from my credit, raised my FICO score 141 points, and got bank approval for a $300,000 new home mortgage - even during the "credit crunch."!
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My Story
"While in college I ran into trouble with my unsecured credit cards. For a while the balances were unmanageable and the credit card companies piled on heavy interest and penalties. Although I worked out a plan with my creditors, they ultimately charged off most of the accounts.
As a result, the creditors and collection agencies began reporting information to the credit bureaus and my credit score was destroyed. They even placed a county court judgment on my report without giving me any prior notice. I soon discovered that it would be impossible to get approved for a mortgage with my credit in such bad shape.
I did not want to be stuck in an apartment for the next seven years (credit bureaus keep bad credit on file for 7-10 years) so I looked into credit repair.
I tried fixing my own credit but ran into one "brick wall" after another. I was really sick of having bad credit and all of its humiliating consequences so I hired The Lexington Law Firm. I am so glad I did as they 100% rehabilitated my credit history!
In fact, my credit score has gone up 141 points (from the 500's to 737!)
Here is a chart showing my Credit Score improvement:
Credit Score Chart  |
Copies of My Credit Repair Deletion Letters!
I enjoyed checking the mail and opening letters showing me that bad credit items were erased from my credit reports. Each time I opened a new letter it was like a weight was lifted from my shoulders.
Here is a letter showing Three Bad Credit Items Deleted!
Credit Card Charge Off Deleted; Collection Agency Deleted; Credit Judgment Deleted  |
Letter showing Multiple Collection Agencies Deleted
Collection Agency Deleted; Car Repossession Deleted; 90 Day Late Deleted.  |
As the negative items were erased from my credit, my score started to get better. It took only 30 days to reach the 600's and I am now well into the 700 range with all three credit bureaus. This places me in the top 10% of Americans.
It was really easy to get approved for a mortgage with my improved credit. Today I live in what I consider my "dream home." I am grateful to the attorneys and paralegals at Lexington Law who gave me a second chance. I recommend the Lexington Law Firm to anyone who wants to repair their credit report and improve their credit rating. "
-Dave C.
Lexington Law Client
Tampa, Florida
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The Lexington attorneys have experience deleting many types of negative credit including bankruptcy, foreclosure, judgments, collections, charge offs, late payments, liens, and more.
Click Here to Learn More - Or Dial 1-800-407-6323
More Lexington Law Clients - "Banks Want My Business!"
Parker Fillmore discovered the shame and humiliation of bad credit when asking for a simple credit card. Before enlisting the credit repair services of The Lexington Law Firm, Parker’s credit score was so low that one bank demanded a $750 down payment for a $500 line of credit!
Since hiring Lexington Law Parker’s credit reports and score have drastically improved. In fact, today he has no problems with his credit reports. In fact, bankers are lining up to issue him new credit!
"My Wife Didn't Know About my Bad Credit..."
Are you hiding bad credit from your spouse? Henry Constante admits that he kept his bad credit a deep dark secret. However, after enrolling in Lexington Law he began seeing negative items erased from his credit history.
His credit score improved from 524 to 647 - and continues to get better each month.
Click Here to Repair Your Credit Report Today!
Or Dial 1-800-407-6323 (toll-free)