This practice can actually prolong the time frame during which the debt affects your credit score, as older charge-offs affect your credit less as time passes. You should also check the unpaid ...

A charge-off as bad debt will negatively impact your credit score as it will cause a decline in payment history. If your credit card or loan payments are delinquent for several months, you might ...

Your credit score is a snapshot of how you manage your credit accounts, such as whether you pay your bills on time. This three-digit score may not seem like a big deal on a regular basis, but it can ...

A good credit score gives you better financing options ... Multiple late payments and charge-offs can mean hundreds of lost points and a dismal score," says Daniel A. DeLiberty, consumer rights ...

The credit card company will "charge off" the account when this happens ... credit report and can significantly reduce your credit score. FICO, a company responsible for calculating credit ...