NewsBytes

What are charge-offs and how they impact your credit score

A charge-off is a severe, damaging entry on a person's credit report that can hinder future borrowing and remains on the ...

What is a charge-off, and how long does it stay on your credit report?

A charge-off is a serious credit report entry that damages credit scores, stays for seven years, impacts loans and credit ...
Forbes

Credit Card Charge-Offs Soar: The Do’s and Don’ts Every Consumer Should Know

Natalie Campisi is a senior journalist who covers personal finance, balancing timely news with in-depth enterprise reporting. Her mission is to make complex financial issues clear and accessible for ...

I ignored my $15K car loan for 4 years — but the car wasn't repossessed. What happens now if I try to drive or sell it?

A few years later, after experiencing layoffs, addiction issues, and mounting medical bills, Mike’s finances collapsed. He ...
Hosted on MSN

What does it mean if your bad debt is charged off?

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...
Morningstar

As Charge-Offs Rise, Nonprofit MMI Highlights Growing Demand for Debt Resolution Program

STAFFORD, Texas, Aug. 13, 2025 (GLOBE NEWSWIRE) -- As consumer debt continues to climb and delinquencies rise, new data from Money Management International (MMI) shows that 20% of clients seeking ...