topic Charge off in Credit score

Charge off

Will1959 — Mon, 04 Jan 2021 13:28:30 GMT

I have 2 accounts that are charged off(closed). Why are they affecting my score? I also have an account that I have paid off, and they’re holing that against me. Why?

Re: Charge off

Anonymous_ — Mon, 04 Jan 2021 15:39:16 GMT

A charge-off has a negative impact on your credit score.

See https://www.experian.com/blogs/ask-experian/what-is-a-charge-off/

Re: Charge off

Opus 17 — Tue, 05 Jan 2021 14:23:16 GMT

Closed accounts remain on your credit report for at least 7 years. A charge-off indicates that, while the account is closed, you paid less than the full amount owed, and that will impact your score for 7 years.