@andy.creditsage: A charge-off happens when a creditor (like a credit card company or lender) gives up on trying to collect a debt after you’ve missed payments for a long time—usually 180 days. ​Essentially, they write it off as a loss on their financial books, but it doesn't mean the debt vanishes. The balance is still legally owed, it will tank your credit score, and it's often sold to a third-party collections agency that will keep pursuing you for their cash ​#CreditRepair #FinancialTips #CreditScore #chargeoffs #adulting

Andy Knode

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Wednesday 24 June 2026 13:51:47 GMT