19d • General discussion
Education
Let me break this down clearly because these words confuse people and lenders do not interpret them the same way.
This is why education matters.
CLOSED
A closed account is not bad by default.
What it means
The account is no longer active. Either you closed it, the lender closed it, or it was closed after payoff.
What lenders see
The history still reports. Late payments still count. Balances can still hurt utilization if money is owed.
Closed does not mean removed.
Closed does not mean forgiven.
Closed still impacts your score.
CHARGED OFF
This is negative and serious.
What it means
The lender has given up on collecting internally and marked it as a loss after nonpayment.
What lenders see
High risk. Major delinquency. Often paired with collections or lawsuits.
You still owe the debt.
Interest can still grow.
It damages credit heavily until resolved properly.
DELETED
This is the goal in credit repair.
What it means
The account was removed from your credit report entirely because it could not be verified or was reported inaccurately.
What lenders see
Nothing. It no longer exists on your report.
Deleted is the only status that truly helps credit scores immediately.
Settled and paid do not compare to deleted.
DISCHARGED
This is legal relief, not credit repair.
What it means
The debt is legally eliminated through bankruptcy or a qualifying discharge process.
What lenders see
Debt is no longer collectible but the record can still report for years depending on type.
Discharged does not automatically improve your score.
It removes obligation, not history.
The real lesson
Most people chase paid
Smart people chase deleted
Elite strategy uses the right resolution for the right debt
This is why you cannot Google your way through credit.
This is why due diligence matters.
This is why results look different when strategy is applied correctly.
There is no such thing as problems, only solutions
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Education
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