Negative entries like late payments and charge-offs stay on your credit report for seven years — this is what's known as the ...

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 ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Removing collections from your credit ...