What is a write-off on a credit report?

Answer A write-off on a credit report, officially called a charge-off, is when a lender has given up hope that the consumer will repay a debt as agreed. This can seriously damage a person's credit.Time Fr... Read More »

Top Q&A For: What is a write-off on a credit report

How do I write a letter to clear a credit report?

Adding Personal InformationBegin the letter by listing your personal information, including your name, address, phone number and social security number. Next, list the address you are writing to, w... Read More »

How to Repair a Credit Report With Write-Offs?

Some people are able to repair their credit reports by disputing information on the report, including charge-offs. Charge-offs occur when a creditor gives up on collecting a debt from you and close... Read More »

How long do write-offs stay on a credit report?

A write-off, often called a "charge-off," occurs whenever a credit card company removes a debt from its records--usually to transfer or sell the delinquent account. Debts that are written off remai... Read More »

How long do bad credit records that are past the statute of limitations stay on your credit report?

Negative entries on your credit report that are accurate will remain for seven years, with the exception of a bankruptcy, which will be reported for 10 years. The entries will remain on your report... Read More »