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 ...

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 ...

In Arizona, nearly 2,000 people filed complaints last year. 12News is sharing how a Valley organization is working to get ...

The most common question I receive is “How much will a late payment, collection, charge-off, etc., affect my score?” The amount your score will drop varies from bureau to bureau, and there is no set ...

U.S. delinquencies and net charge-offs extended their decline in April, though both remain comfortably above their pre-pandemic levels. The average delinquency rate retreated to 2.82% from 2.94% in ...

The Fair Credit Reporting Act (FCRA) states that any derogatory item on your credit report, such as a collection, charge-off, late payment, etc. will remain on your credit report for seven years from ...