A charge off occurs when the creditor you owe closes your account and expects you won't ever pay. What's the downside? Your credit score is damaged, putting your financial future in jeopardy. However, if it's reported inaccurately it can be removed quicker & a reputable company (like Credit Glory) can help!
What is a charge off on your credit report? (& how long is it there)
A charge off pops up on your credit report when a creditor closes your account b/c you failed to pay. What does that mean for you? Your credit score plummets, and the record shows on your report for 7-years! Luckily, in certain situations, you may be able to remove it faster. If you can't, you still have options for rebuilding your credit, and a reputable company (like Credit Glory) can make it easier.
When can you remove a charge-off from your credit report?
You can remove a charge off faster IF it's reported inaccurately.
Common incorrect info includes:
- Names and addresses
- The reported balance
- Multiple records
- Delinquency dates
If one (or more) items on this list aren't right, you can dispute their claim — and Credit Glory's experience can make it a lot easier!
Could your negative items (like charge offs) be reported inaccurately?
Unfortunately, the Federal Trade Commission (FTC) claims that 20% of all reports contain (at least) 1 error! The penalty for negative items is a damaged credit score, which can wreak havoc on your financial future. How can you protect yourself? Your best weapon to hold creditors accountable is a dispute. That's where a credit repair expert (like Credit Glory) can make the process super easy.
Why you need to dispute an inaccurate charge-off
Disputing and removing an inaccurate charge-off can improve your credit score. This has several effects on your financial health like:
- Lower interest rates across all lending options
- Easy approval for loans when a financial emergency occurs
- The ability to shop around on mortgage, auto, and personal loans
The only real choice you need to make is whether you should dispute the item yourself or trust an expert (like Credit Glory) to make the dispute process a lot easier for you.
What if you can't dispute any charge offs b/c they are reported accurately?
Even if your charge off is reported correctly, with the 1 in 5 odds, it's likely something else isn't. Double-check any other negative items on your credit report for errors. That way if you find any, you can start rebuilding your credit by disputing them. If you're not comfortable identifying inaccurate info (& it can be tricky) consider help from an expert — like Credit Glory.
Why should you pick Credit Glory vs. DIY
Disputing negative items starts with identifying inaccurate reporting. Then you can handle all dispute aspects on your own (a big hassle) — or trust an expert like Credit Glory.
Advantages when you partner with Credit Glory for help, include:
- A tested dispute process - Credit Glory uses a refined dispute process, with success removing negative items.
- Unmatched 100% Money-Back Guarantee - Qualify for a full refund if Credit Glory can't remove inaccurate negative items in 90-days.
- Best-in-class customer support - Disputes are generally complicated and involve waiting. Credit Glory beats DIY by a mile providing access to comprehensive customer support.
Erase inaccurate negative items for good w/ help from Credit Glory!
Disputing negative items on your credit report is hard work! It takes a lot of time, effort, organization, and follow up. The good news? Our team of credit repair professionals is here to simplify everything! Let your dedicated credit repair expert relieve you of the stress, hassle, and time needed to fight your inaccuracies and boost your credit score (FAST!)
Credit Glory is a credit repair company that empowers consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.
Call us at (855) 938-3044 or set up a consultation to get started, today!
Get Your Charge Offs Professionally Removed
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (833) 243-0464 or setup a consultation with them. They also happen to have incredible customer service.
Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.