Will Bankruptcy Take Charged-Off Bad Debt Off of My Credit Report?

Answer When a creditor charges off a bad debt, this means that it considers the debt to be unpaid for accounting purposes. You still owe the debt and the creditor can still try to collect it, so you can i... Read More »

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How to Remove a Charged-Off Student Loan on a Credit Report?

A charge off occurs when a creditor decides your account is too far in default without payment and closes your ability to get further credit from them. You are still responsible for paying the full... Read More »

If I'm Being Sued for Credit Card Debt, Can My Credit Report Be Used Against Me?

A credit report compiles your payment history into four sections: negative accounts, positive accounts, public records and collections. The information contained in a credit report is vital because... Read More »

Is bankruptcy the answer to get out of credit debt?

On One Hand: Last ResortBankruptcy is seen by most experts as the last resort when dealing with credit card debt. According to the National Federation for Credit Counseling, the negative aspects o... Read More »

What Happens to Credit Card Debt in Bankruptcy?

Bankruptcy can serve as a powerful form of debt relief for individuals who can no longer afford growing amounts of debt. What happens to an individual's credit card debt during a bankruptcy depends... Read More »