Charge Off On Credit Report

You’re probably here because you noticed a charge off on your credit report, and you want to know what charge off means. In the most basic terms a charged off account is one where a creditor has declared that you will not pay the debt and so they have written the debt off as a loss.

The bad news is although they have written it off as a loss, you are still liable to pay the debt. It is one of the most damaging items on a credit report that can negatively affect your credit score. Lenders are required by law to report charge off accounts and it allows them to close out the accounts for accounting reasons.

The good news is that you can remove a charged off account but you will need help from a good law firm that can help you settle and clean up your credit report. This option isn’t free but makes the most sense when you weigh that against the possibility of how much you will be losing if a charge off account stays on your credit report for 7 years.

Lexington Law® is the law firm we recommend above all others. They have helped thousands upon thousands of people just like you in assisting them repair their credit reports quickly. You can call them directly at 1-800-251-3505.

My Story: "How I Deleted Charged Off Debts and Raised My Credit Score 151 Points"

Charge-offs removal Sra AssociatesWhen I went to college I had to borrow a ton of money.

When I finally graduated I had accumulated over $60,000 in total student loan and credit card debt.

Everything seemed to happen so fast because credit card companies made it so easy and convenient to borrow credit.

And I really needed the extra cash at the time just to get by with school.

I don't regret going to college for a second, but I do wish I had been more responsible with my money.

I was working part-time waiting on tables to pay the bills... but soon it felt like it was impossible to make credit card payments on time.  I tried really hard to work with my creditors but they gave me the cold shoulder and disregarded changing any payment arrangements... and they kept charging even more ridiculous interest and fees.


Sample Dispute Letter

Sample Letter To Remove Charge Off

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Frequently Asked Questions:

What Does Charged Off Mean On My Credit Score?

What Does Charged Off as Bad Debt Mean?

Should I Pay Charged Off Accounts?

How Do You Increase Your Credit Score Quickly?

How long does a charge off stay on credit report?

Can A Charge Off Debt Be Collected?

How Do Credit Repair Companies Fix Your Credit?

Do Credit Companies Really Work?


After I missed a few payments, the credit card companies quickly charged off the accounts and sold them to collection agencies.  They completely crippled my credit score by putting late payments, charge offs and collection account items onto my credit reports.

My credit score sunk to a 594.  The bad credit made it literally impossible for me to get access to any new credit.

Bankers thought I was a bum and my friends thought I was utterly irresponsible.

I hoped that my bad credit would simply disappear over time... however, federal laws are in place to keep bad credit on your reports for up to 7 years!

The time was coming where I would need a new car soon and I felt desperate because of the financial turmoil I was facing.

I was also completely stressed out from having to get a new job... I was terrified that my bad credit would prevent me from getting a new job because I saw a news report that said most employers do credit checks now before they hire!

They think you are not trustworthy if you have poor credit.

Luckily, a close friend of mine went through a similar situation and had Lexington Law help him improve his credit reports.  I learned that these credit specialists can help repair almost any kind of bad credit - including, charge offs, collections, foreclosures and even bankruptcy related items.

I started in the same service and saw fast progress...Lexington Law even removed three credit card charge offs in only 11 days time!

Call Lexington Law Today:

Call Lexington Law and remove credit card charge offs

It gave me some much-needed hope, to see my credit reports cleaned up and my score increase.  The first month it rose 56 points, and then another 24, and then a huge increase of 77 points.

It didn't take long before my score had become a 745! It was simply life-changing.

Have a better credit score

Lexington Law helped me get rid of 98% of my bad credit and helped me increase my score to a 745.

I was sure that some of the marks on my credit reports would be impossible to delete.

But I was mistaken. Have a look at a few of my real deletion letters.

Credit card charge off deleted letters
Credit card charge off deleted letters

It was an incredible feeling to go look for a new car knowing that my credit reports were cleaned up and my score was so good. I didn't even need to panic about getting approved.

I knew that with a credit score as high as 745... the banks would be able approve my loan with no issues.

New car with low financing rate

Take a look at this picture of my new Pathfinder - financed at a low rate due in part because of the help I received from Lexington Law.

They helped me increase my credit score from 594 to 745 and got rid of 98% of my bad credit.

I’d happily recommend them to anyone struggling to improve their credit situation.

-Casey S.


Testimonials represent the results of the particular individual and you should not expect the same result because your case is different than everyone else’s. Lexington promises only to communicate with specific creditors on your behalf and in your name, verify report changes with bureaus, and provide you timely information about changes in your reports. Previous clients have seen credit report results, with an average of 10.2 removals across their three reports after four months of service. The average client may not achieve that result and Lexington makes no guarantee that you will receive that result. Though certain individuals may have been able to obtain an extension of credit after being a Lexington client, you should not expect this result. Any credit score improvement seen after using Lexington’s legal services is the result of many other factors in addition to Lexington’s legal services: keeping credit balances low, paying bills on time, reducing or eliminating unnecessary inquiries, developing appropriate types of credit, and sound financial planning.

We advertise for Lexington Law, the trusted leader in credit repair who will consistently work to help improve your credit situation fast and ensure that your present actions support these efforts in the future as well.

Take steps to ensure you have a fair and accurate credit report!

Did you know you can suffer credit damage from unpaid accounts? Your credit report comes in handy when you are applying for an insurance, employment, a loan, or even when renting a home. Lexington Law, our business partner, can teach you how to clean up your credit and fix report disputes!


The client experience depicted on this website is 100% factual, documented, and verifiable.Only the first name of the person depicted above has been changed to protect her identity.The average result of a Lexington Law client is 10.2 removals by month 4 across three credit bureau reports.We serve as an advertising agency for a third party. We are compensated when visitors take certain actions such as signing up for paid services.