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A charge-off, which appears on your credit report after a lender or other creditor gives up trying to collect a debt you owe, remains on your credit report for seven years. Lenders view charge-offs as derogatory events in your credit history, and charge-offs can lower credit scores and make it more difficult to qualify for […]
How Long Do Charge-Offs Stay on Your Credit Report? Read More »
A charge-off is a negative entry on your credit report indicating a creditor has written off a debt as a loss because it doesn’t believe you will repay the debt. Despite the charge-off, you’re still responsible for paying back the debt. A charge-off is considered a derogatory entry in your credit file—a serious negative event—and
What Is a Charge-Off? Read More »
A tax lien is a claim against your property by the IRS, typically placed when you neglect or fail to pay your tax bill. While a tax lien can impact your financial situation and your ability to obtain credit, it won’t show up on your credit reports or negatively impact your credit score. Does a
Tax Liens Are No Longer a Part of Credit Reports Read More »
