Removing Charge Offs Doesn’t Have to be Difficult

A common misconception is that by simply paying off the debt that has been charged off by the original creditor, the record will be removed from your credit history.

Any kind of charge off, paid or unpaid, will leave a very negative impact on your credit score, unless you are able to get the charge off record removed.

Removing a charge off does take some diligence in that there are certain lengths of time that a charge off can legally and accurately be reported as negative on your credit reports, as well as a statute of limitation to which paying off the debt could possibly lengthen the time it is reported [as paid] to your credit reports.

Click here for more information about Paid vs. Unpaid Charge Offs

Since removing charge offs can be so fussy, due to the complexity and multiple reporting possibilities, your best option is to call in professionals. Prime Credit Experts comes with a team of FICO-certified credit experts with an expertise in charge off removal.

Negative items, no matter the item (charge offs included), are governed by federal law stating that, should a negative item being reported be inaccurate, unverifiable, out dated, or incomplete, that negatively reporting item can and will be removed.

There is also the issue of a charge off being erroneously reported as negative. Errors in reporting can occur due to accounting errors or fraud such as identity theft, and can be disputed and should be promptly removed from your credit reports. After all, that which doesn’t belong to you, or your reports, is inaccurate and likely unverifiable.

Charge offs play an important and impactful role in your credit score, as well as your overall FICO score. You will want to do everything you can to prevent a charge off from making it on your credit reports. Should that happen, you will want to contact a credit repair company with the prowess and thorough knowledge in how to remove the charge off(s), and is trained to provide you with the advice and skills to manage your credit future.