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 ...

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 ...

As the emerging form of artificial intelligence impacts payments, pace of payment disputes and the workload will change.