How to Remove Charge Offs
I Raised My Credit Score Over 200 Points by Removing Charge Offs from My Credit Report!
Read my story below (and check out the photos for proof) to see how you can remove charge offs from your credit report.
What is a Charge Off?
“Charge off” is simply a term that creditors use when they determine that they are not able to collect a debt that is owed to them. They write that debt off as a loss against their income taxes. However, the debt is still legally valid and the creditor can attempt to collect the full amount.
A charge off can be listed on your credit report for up to 7 years. If you have charge offs on your credit reports, your ability to obtain credit will be seriously impaired. The best thing you can do is remove charge offs from your credit report.
My Credit Nightmare
I never worried about my credit until a few years ago when the company I worked for went under. With the weak economy, I had a hard time finding a new job and the bills kept piling up. Eventually, I was no longer able to make my payments and all of my credit card accounts were charged-off and sent to collection agencies.
That’s when the collection calls and endless harassment from debt collectors started. Talk about a nightmare, I was afraid to answer my phone. I decided to file for bankruptcy and was relieved of my debt, but the damage to my credit was already done.
Time to Take Action
I got back on my feet with a new job and thought I was on the right track until I tried to buy a house. I found out that my credit scores were too low for the banks to even consider giving me a loan. Talk about frustrating and embarrassing! The last straw was when I went to buy a car and couldn’t qualify for a loan.
I confided in a friend about my poor credit score and she told me about Lexington Law Firm and ranted and raved about how awesome they are. I was excited that there was hope for me, but a little skeptical. However, after seeing what they did for her, I knew I had to give them a try. My friend gave me the website address and I checked them out.
Lexington Law Repaired My Credit Score
With one simple call to 1-866-944-7671, I was connected to a credit expert who was not only very knowledgeable, but she was very friendly and understanding of my situation. I decided to sign up and I am so glad that I did! After about 3 weeks, I started receiving letters from the credit bureaus informing me that negative accounts had been removed from my credit reports! (See below.)