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.

A charged-off debt can seem like it's gone for good, but the reality behind what happens next may surprise you.

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 ...

Having debt written off may sound like you're getting a clean slate, but it can come with lasting consequences.

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 ...

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 ...

U.S. credit card delinquencies, or accounts where borrowers have missed payments, barely budged in August, while net charge-offs, the loans banks have to write off as uncollectible, drifted higher.

Updates at 12:00 PM ET, with CEO comment in fifth paragraph, figures on loan loss allowance in sixth paragraph and updated stock movement in last paragraph. "Consumer and small businesses remain ...