What Are Accounts Charged Off As Bad Debt (& Can You Remove Them)?

Accounts charged off as bad debt hurt your credit score. Find out how you can dispute inaccurate charge offs & how it's easier w/help from Credit Glory.

Call (833) 958-1271 ➔
122 people signed up to FIX their
credit (in the last 60 minutes)!
Get My Free, Consultation! ➔
122 people signed up to FIX their
credit (in the last 60 minutes)!
Charged Off As Bad Debt

Accounts get charged off as bad debt when you fail to pay them. Charge offs hurt your score & impact it for 7 years. However, if a charge off can't be verified you can dispute it. The easiest way? With help from a credit pro like Credit Glory.

What does it mean when bad debt is charged off (& how does it hurt your credit)?

Missing payments can happen to anyone — but falling behind on your payments is bad news. Companies often write off debts that are several months behind as losses or charge offs. Yet, having bad debt charged off doesn't mean you're off the hook.

Charge offs still have a big impact on your credit report. Charge offs are still reported to credit bureaus — & they stay on your report for 7 years! Poor credit means fewer lending options and higher interest rates. Luckily, in certain instances, they can be removed.

Can you remove charge offs from your credit report?

While you can't dispute accurate charged offs, you can dispute errors on your report. Finding inaccuracies can be tricky, so what do you look for? Common areas to check for errors include:

  • Personal information
  • Inaccuracies w/account status
  • Fraudulent accounts
  • Balance errors
  • Data mistakes

Finding these errors is tricky (& time-consuming). Working with a credit repair expert (like Credit Glory) speeds up & simplifies the process.

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 disputing inaccurate charge offs is important

Inaccurate charge offs on your credit report have serious consequences. That's why it's important to dispute & remove them. A strong credit score opens the door to things like:

  • Better options for mortgages, personal, & auto loans
  • Qualifying for lower (& better) interest rates
  • Faster approval on loans (great for financial emergencies)

While you can identify and dispute errors yourself, it's challenging (& time-consuming). Credit repair pros (like Credit Glory) make finding and disputing errors fast (& easy).

Bottom line (& why it matters for you)

While you can check your credit, look for errors, and dispute them yourself, it takes time (& hard work). Looking for an easier alternative (that's less hassle)? Consider working with a credit repair expert — like Credit Glory. They do the work for you, so you don't have to.

Why repair your credit w/Credit Glory vs DIY?

Removing inaccurate collections (& other errors) helps improve your credit (& boost your score). DIY credit repair is a headache. Partnering w/Credit Glory is often a simpler alternative. Why?

  • Easier - Making a mistake disputing DIY costs you. Credit Glory helps you build a strong case for disputing inaccurate collections (& boosting your score).
  • Saves you money - An unsuccessful dispute leaves you stuck with debt (& poor credit). Credit Glory helps you boost your score — which means saving money on loans (& interest rates).
  • Top-class customer support - Credit Glory has best-in-class customer service to answer questions and keep you updated. Credit Glory even offers an industry-leading 100% money-back guarantee (if no errors are removed in the first 90 days).

Boost your score with 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 2021 and beyond.

Call us at (855) 938-3044 or set up a consultation to get started, today!

Get Your Negative Items 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) 958-1271 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.

Why choose Credit Glory?

Competitor 1
Competitor 2
Price
$99/m (+ small, one-time $199 review & setup fee charged once your letters are sent)
$90–$130/m ($130 most popular)
$79/m (+$79 review/setup fee)
Customer Service
Mon - Fri: 9AM - 8PM
Sat & Sun: 9AM - 5PM
5 days/wk (M-F), 7 A.M.–7 P.M.
5 days/wk (M-F) 9AM-5PM
Guarantee
Industry-leading 90-day, 100% money-back guarantee (if we remove no negative items)*
None
Money-back guarantee
Reputation
A+ BBB rating (4/5 stars)
No BBB rating (2/5 Stars)
C- rating w/BBB
*Less the initial setup fee
Accurate as of October 28th, 2020

Start Fixing Your Credit, Today!

Call and start your credit repair process, today! Don't let inaccurate items on your credit report hold you back.