What does having a charge-off mean on a credit report?

Answer Having a charge-off appear on your credit history is one of the worst red flags to a creditor. Although detrimental to your credit, you can usually negotiate with your lender before your debt gets ... Read More »

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What does charge off or written off on a credit report mean?

A charge off on your credit report means that you left a credit card bill unpaid for 180 days or more and the original creditor removed the debt from its accounting ledger. Charged off debts are us... Read More »

How much does my score change once I have a charge-off on my credit report?

On One Hand: Can Damage FICO ScoreA charge-off is a big red flag on a credit report and can be very damaging to your FICO score. How much your score will change once you have a charge-off on your c... Read More »

What does HC mean on a credit report?

According to How to Read a Credit Report, the notation "HC" on your report stands for high credit. It is your highest credit limit, or amount of credit, given by that creditor.References:How to Rea... Read More »

What does a credit report mean?

A credit report documents your credit activities. It shows the loans and credit cards you have, their balances and whether you make timely payments. Credit reports also show unpaid bills.References... Read More »