A charge-off is a severe, damaging entry on a person's credit report that can hinder future borrowing and remains on the report for years.

If you’ve pulled your credit report and spotted the term “charge-off,” you might’ve panicked and honestly, that’s a normal reaction. It sounds harsh, and it can have a real impact on your financial ...

A charge-off is a serious credit report entry that damages credit scores, stays for seven years, impacts loans and credit ...

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 ...