Credit Card Charge-off - How Bad Is It?
Mar.23, 2008 in
Finance
So, you’re facing the dreaded “charge-off” that your creditor has been threatening for months – how bad is it really? Well, to be perfectly honest, if your account is already delinquent, and nearly to the point of being charged off, your credit score has already been compromised, therefore, don’t be intimidated by your creditor stating that a charge-off is going to ruin your credit; it’s already taken a “hit.” Rather, take the necessary steps to remedy the situation if at all possible.