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Fair Credit Reporting - FCRA
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Fair Housing - FHA Mass Arbitration
Privacy Law
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Telephone Consumer Protection - TCPA
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Video Privacy Protection Act - VPPA Personal Injury

Credit Charge-Offs and Your Credit Score

When an account is seriously delinquent, such as when payments have not been made for several months, the creditor may write it off as uncollectible, a process called charging off the debt. While the account is wiped off the creditor’s books, the debt does not disappear. The consumer who owed the amount in the first place is still responsible for paying it.

Often, these accounts are sold to third-party debt collectors, and they tend to use more aggressive practices to collect on the balances owed. If a charge-off lands on your credit report, it can have a lasting negative impact. In fact, it can affect your credit score for up to seven years. Since payment history is a primary factor when it comes to creditworthiness, you can face serious financial consequences.

Your Credit Report Can Have Far-Reaching Effects

Your credit score is far more than just a number. Yes, a charge-off will drag your credit score down, but it can also directly affect the following key concerns:

  • Your ability to rent a place to live
  • Your ability to land a new job in a considerable number of industries that review credit reports

Addressing a Charge-Off on Your Credit Report

If a creditor has charged off your debt, having it removed from your credit report is legally challenging.

Disputing an Inaccurate Charge-Off

If the information the charge-off is based on is inaccurate, the Fair Credit Reporting Act (FCRA) provides protections, and professional legal counsel can help. Errors of this sort must be either corrected or deleted, and doing so can make a big difference in terms of your credit score.

Waiting Out the Consequences

A charge-off will likely remain on your credit report for seven years. While you can wait this out, you could face dire financial consequences.

Negotiating a Pay-for-Delete

A pay-for-delete amounts to having the charge-off removed in exchange for payment.

Working closely with a fair debt collection lawyer is the surest path forward toward an advantageous outcome.

Give Our Experienced Fair Debt Collection Lawyers a Call Today

Our resourceful fair debt collection attorneys at The Law Offices of Jibrael S. Hindi have a solid track record for fierce advocacy on behalf of our clients, and we will leave no stone unturned in our quest to help you. For more information about everything we can do to help, please don’t wait to reach out by contacting us online or giving our firm a call at 844-542-7235 today.

Case Results

Millions Recovered For Our Clients

  • +$200,000,000

    Class Action Settlements

    +$30,000,000

    TCPA Settlements

    +$30,000,000

    Consumer Debt Waived

  • +$15,000,000

    Data Breach Settlements

    +$15,000,000

    FDCPA Settlements

    +$10,000,000

    Mass Arbitration Settlements

  • +$10,000,000

    FCRA Settlements

    +$1,500,000

    Telephone Consumer Protection Act

    +$1,400,000

    Fair Debt Collection
    Practices Act

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What Our Clients Have to Say

Honor. Integrity. Care.

  • “Mr. Hindi has shown me how much his clients mean to him. I appreciate how he has helped me with my case. He is attentive and if I have questions or concerns, he answers me in a matter of a few minutes! He won my case and I can't thank him enough!! Thank you again!!”

    Vilma

  • “Awesome experience. Got more in my case than anticipated. Mr Hindi was an excellent communicator and made sure to thoroughly follow up and execute on the case. Sending my friends and family to him!”

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  • “Exceptional experience with The Law Offices of Jibrael S. Hindi! Personalized attention, expertise in consumer protection, and a successful outcome. Highly recommended!”

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  • “Jibrael is very professional and thorough. He knew exactly what to do and I felt extremely comfortable trusting his process. The outcome was great and I got the exact results I needed. I would recommend him to anyone who needs legal services!”

    Edgar

  • “He changed my idea about lawyers. I've been having the worst luck in Florida with lawyers. That gentleman is raised home right before he became a lawyer. His service was above standard to the point he's worth every $ you will spend. He will be our family lawyer for sure. Highly recommend no doubt.”

    Moe

  • “I contacted Mr. Hindi through a strong recommendation by a family friend. Mr. Hindi was professional and resolved my situation expediently while keeping constant communication with me about what was going on.”

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