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Your team has done a wonderful job on our credit repair, never would have thought that you could do so much in such a short time period. We have been able to receive prime interest rates on money we borrow. We have also told all our friends and family about the great jo...
Q & A - Questions and Answers
What Is A Charge Off?
When you become very delinquent on an account, the creditor will probably charge it off. This means that they have written the debt off as a loss for tax purposes. This does not mean that they have given up collecting on the debt. The creditor is now likely to either sell the debt or send it to collections.
Charge offs are very negative listings, but they can often be settled through debt settlement for much less than you owe.
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