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Carrying around credit card debt can feel like a heavy burden, especially in today's economic environment. Not only is the average American carrying a card balance of nearly $8,000, but the current ...

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

Once a credit card is charged off, you might wonder if you can ever get it back. Here's what really happens next.

If your credit card or personal loan debt has spiraled out of control, which is the case for a lot of borrowers in today's economic climate, hearing that a creditor "wrote off" your balance might ...