Knowing the timeline between charge-offs and collections can help you take action before the issue gets worse.

Yes, a creditor or lender can still sue you after a charge-off, and they often do. That's because a charge-off is primar ...

Once a credit card is charged off, you might wonder if you can ever get it back. Here's what really happens next.

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 ...

With costs continually rising and borrowers' budgets stretched to their limits, millions of Americans have found themselves carrying debt that's gone unpaid for months or even years on end. But when ...

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 ...

Drake Mills, Chairman, President & CEO, addressed the Tricolor charge-off, stating, "Our decision to charge off the entire Tricolor outstanding debt is extremely conservative. We do anticipate ...