Paying off a charged-off credit card can help your credit and finances, but only if you handle it the right way.

Knowing the timeline between charge-offs and collections can help you take action before the issue gets worse.

Once a credit card is charged off, you might wonder if you can ever get it back. Here's what really happens next.

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Natalie Campisi is a senior journalist who covers personal finance, balancing timely news with in-depth enterprise reporting. Her mission is to make complex financial issues clear and accessible for ...

U.S. credit card delinquencies and net charge-off rates increased month-over-month as consumer sentiment hit an all-time low.

STAFFORD, Texas, Aug. 13, 2025 (GLOBE NEWSWIRE) -- As consumer debt continues to climb and delinquencies rise, new data from Money Management International (MMI) shows that 20% of clients seeking ...

Creditors had not furnished inaccurate information to credit bureaus by reporting charged off accounts as past due, where charging off an account did not preclude a creditor from pursuing repayment.