3d • Q&A Credit Repair
How to Remove a Charge-Off
How to Remove a CHARGE-OFF Step-by-Step (Yes, It’s Possible)
Charge-offs are one of the worst negative items you can have.
But with the right strategy, they can be disputed, removed, or negotiated off your report.
Let me break it down for you 👇
⚠️ What is a Charge-Off?
When a creditor gives up trying to collect and marks the account as a loss.
BUT — you still legally owe the money unless they forgive it.
It damages:
- Payment history
- Amount owed
- Overall score
🔄 STEP-BY-STEP STRATEGY
✅ STEP 1: Pull All 3 Reports
Look for:
- Date of charge-off
- Balance listed
- Last payment date
- Whether it’s been sold to collections
If it’s older than 7 years — it must be REMOVED by law.
✉️ STEP 2: Dispute the Charge-Off
Check for:
- Incorrect balance
- Wrong dates
- Duplicate reporting
- No original agreement
Use this Dispute Reason:
“This account is inaccurately reporting. The balance and date of last activity do not match my records. Please verify and correct or remove.”
✅ Mail to all 3 bureaus with ID + proof of address.
🧾 STEP 3: Negotiate a Pay-for-Delete
If it’s valid, try to settle:
- Ask for a Pay-for-Delete in writing
- Offer 30–50% of balance if possible
- Get it removed from the bureaus once paid
Use the Pay-for-Delete letter from Post #10
📬 STEP 4: Follow-Up or Escalate
If they verify but don’t provide real documentation, escalate:
- Send a Method of Verification request
- File a complaint with the CFPB or your state AG’s office
5
1 comment
How to Remove a Charge-Off
powered by
skool.com/credit-freedom-society-2939
Welcome to Credit Freedom Society™
This is your roadmap to fix, build, and master your personal credit along with building Digital Wealth
Suggested communities
Powered by