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 »

What is a credit report& a FICO credit score?

A credit report is a record of an individual's debts that reflects his creditors and accounts, any public records about him and his identifying information. The credit bureaus use the information o... Read More »