Repairing Credit After Charge Offs
Repairing your credit after charge offs can be a challenge. You must actively seek to repair your credit. Waiting for charge offs to fall off your credit report is not a wise choice. Charge offs can stay on your credit report for up to 7 years by law. Paying a charge off will not remove it from your credit report. In fact, it will still hurt your credit scores for 7 years. However, it is easier to have a paid charge off removed from your credit report by disputing it than it is to have an unpaid charge off removed. Which brings me to one of the best and most popular ways to have charge offs removed from your credit report. Disputing Charge Offs Did you know that you can dispute negative items on your credit report? It’s true; in fact, it’s your federal right under the FCRA (Fair Credit Reporting Act). You can dispute charge offs, collection accounts, tax liens, bankruptcies, judgments, repossessions, foreclosures, personal information, etc.
