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Valid charge offs and/or other negative information cannot be removed from a credit report until the required time limit has expired. Do not be mislead by companies claiming to "fix" consumer credit reports for a fee. All negative entries remain on the report for 7 years with the exception of a discharged or dismissed chapter 7 banruptcy which is 10 years and a discharged chapter 13 which is also 10 years.

Actually, charge-offs can be removed prior to the tolling of the 7 year period, but only if the creditor agrees to do so. With most companies, you need a good reason - such as fraud.

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โˆ™ 2009-01-19 11:58:44
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Q: How can you remove charge offs yourself?
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Related questions

How do you remove charge offs credit report?

Dispute them with the credit bureaus.

Can you remove charge offs from your credit report?

Yes, it's possible to have them removed if you dispute them.

Can a creditor remove a charge off?

Yes, a creditor can remove a charge off from your account and your credit reports. Credit bureaus can also delete charge offs from your credit report if they are disputed and not verified.

What is the meaning of the phrase 'charge-offs'?

The phrase "charge-offs" is the announcement by a creditor that an amount of debt is unlikely to be collected. This process often develops when a consumer becomes severely delinquent on their debt.

How long do charge offs stay on your credit report?

Charge offs will stay on your credit report for 3 to 7 years

How do you remove charge-offs from your credit report?

First of all, charge offs cannot remain on your credit report for longer than 7 years so most credit bureaus remove them after 6 years 9 months to ensure proper compliance with the law. Secondly, it's possible that those charge offs are not yours and/or that the companies in charge of the charge offs have lost the records so it is possible, although unlkely, that you can get the charge offs removed by disputing them with the credit agency. Another possibility is that one company shows the charge off and the collection agency shows an open collection. You should be able to get one of those two eliminated as they are duplicates. Finally, it is possible to contact the companies that have made the charge offs and negotiate with them to remove the charge offs in exchange for paying part or all of the charged off amount. Some companies may gladly do this whereas others will not even consider it. You could initiate conversations with the debt holder by writing a letter to the address on your credit report basically offering to pay a portion of the debt in exchange for complete deletion of the negative credit entry. In conclusion, it's better to avoid charge offs and negative credit by paying your bills on time than to try to clean up your credit report afterwards.

How do charge offs affect your credit?

Charge offs will drastically lower your credit score, just like any negative item similar to collections, judgments, and liens. They will stay on your credit report for 7 years unless removed. The more money owed and the more recent the charge off the more it will lower your credit score. You can remove charge offs by disputing them to the credit bureaus. The credit bureaus have 30 days to verify the charge off or it must be removed from your credit report.

What are charge offs?

Charge offs are accounts that have been written off by the creditor as uncollectable. The debt owed is still valid and can be collected on either by the original creditor or by a collection agency. You can only erase charge offs by disputing them to the credit bureaus or negotiating the removal by the original creditor.

Can you rid charge offs on your credit report if that creditor was included in your bankruptcy?

The charge offs will remain the required seven years and should be noted as included or discharged in bankruptcy.

How do you remove charge offs from a credit report?

Charge-offs remain on your credit report for 7 years. If the account has been included in a bankruptcy, it should be marked as such...."included in bankruptcy". However, according to the Fair Credit Reporting Act, if you dispute the charge-off with the credit bureau and the creditor can not verify the account, it must be removed from your credit report immediately. Only the original creditor or the credit bureaus can remove a charge off, either through negotiations or through the dispute process.

When do charge offs begin?

Approximately 180 days after the DLA.

Can a foreclosure or charge offs cause you to lose your security clearance?


Will paying off charge offs results in a higher credit score?

Yes, your credit score will impove if you payoff charge offs, if the lender or collector reports the payment to the credit reporting agency.

How long do charge offs remain on your credit report?

The Fair Credit Reporting Act allows charge offs and collection accounts to show for 7 years, plus 180 days from the last time you paid the account (on time) immediately prior to the charge off.

Do charge-offs go off your credit after 7 years?


Can charge offs be removed from a credit report because the person has a medical condition that prevents them from working?

No. Personal financial difficulties regardless of there nature is not a legitimate defense for not paying a debt or for having the negative entry removed from the credit report. You will notbe able to remove charge-offs from your credit report unless you can pay the entire balance in full and negotiate with the original creditor.

What website is it for credit default charge-offs which reveals actual purchase amounts of debts paid for by collection agencies spoke of in Wikipedia for credit charge-offs find out-use discovery?

Could you clarify your question?

What is the word that is used when you remove yourself from an issue?

To remove yourself from an issue is to recuse yourself.

Should you still pay charge offs if its been longer than 2 years?

Yes defiantly.....

How bad do charge offs hurt your credit report?


How can you remove bankruptcy from your credit report and public record?

I have had some luck removing bankruptcy's and public records from credit reports. I have also had good luck removing charge offs. I will help you if you want my email address is

Do you need to remove the battery from the lawn mower to charge it?

No, it is not necessary to remove it. You can charge it right there on the mower.

Can you get a home loan with a 640 credit score and 2 charge offs?

Yes, you can get a mortgage with a 640 credit score and four charge offs. Obviously, the better debt to income ratio, better credit score, and fewer negatives all help in securing the best loan possible for your situation.

Can a lawsuit be filed in the State of Texas for charge offs?

Yes, a charge off does not mean the debt is still owed and subject to collection by whatever means the lender decides is necessary.

How should you go about purchasing an auto with a judgment and 2 charge offs on your credit?

Buy a cheap one and pay cash.