How Much Does a Charge Off Affect Your Credit Score?
Credit Corp
SEPTEMBER 29, 2020
In addition to bringing your credit score down, a charge off looks bad to any future lenders that review your credit history. Lenders that might be willing to offer funds even though you have a lower credit score might balk if they see the charge off. You still owe the debt, and the company can still attempt to collect the debt.
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