Remove Collections Remove Debt Management Remove Legal Collections Remove Lender
article thumbnail

How Much Does a Charge Off Affect Your Credit Score?

Credit Corp

When you owe a business money, the company counts that debt as an asset. The older the asset becomes, the less valuable it is because older debt is less likely to be collected. A charge off doesn’t mean that you don’t owe the debt. Can Creditors Attempt to Collect Charged Off Debt?

article thumbnail

How to Find All Your Debts: 4 Tips

Credit Corp

It’s uncomfortable to admit, but it’s entirely possible that you have debts you didn’t even know about. Whether mail went missing or communication about medical debt got mixed up, it’s possible an account with your name on it is languishing somewhere in collections. How to Find All Your Debts. Get Your Reports.