"Charge off" on a credit report means the creditor has deemed the account uncollectable. The creditor will then write the debt off and sell it to a collection agency. The collector adds it to the debtor's credit report for seven years (unless removed), dropping their score up to 100 points.
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 (866-271-3550) or setup a consultation with them. They also happen to have incredible customer service.