19d • Your Support Team🤝
Most people think a charge off means the debt is gone. It is not. 🚨
Here is the truth 👇
💳 You miss payments for 180 days
💳 The creditor writes the debt off as a loss
💳 But you still owe every single dollar
💳 AND it destroys your credit score
A charge off is not a get out of jail free card.
It is actually one of the worst things that can appear on your credit report.
The creditor gave up collecting — but the damage to your credit is very real and very lasting.
And here is what makes it even worse —
The debt can still be sold to a collection agency who will come after you all over again. 😳
Don't let it get to that point.
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Most people think a charge off means the debt is gone. It is not. 🚨
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