What is a charge-off, and how long does it stay on your credit report?

A charge-off is a serious credit report entry that damages credit scores, stays for seven years, impacts loans and credit cards, and requires disciplined repayment to rebuild financial health.
Forbes

Credit Card Charge-Offs Soar: The Do’s and Don’ts Every Consumer Should Know

Natalie Campisi is a senior journalist who covers personal finance, balancing timely news with in-depth enterprise reporting. Her mission is to make complex financial issues clear and accessible for ...
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What does it mean if your bad debt is charged off?

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 ...
Morningstar

As Charge-Offs Rise, Nonprofit MMI Highlights Growing Demand for Debt Resolution Program

STAFFORD, Texas, Aug. 13, 2025 (GLOBE NEWSWIRE) -- As consumer debt continues to climb and delinquencies rise, new data from Money Management International (MMI) shows that 20% of clients seeking ...
Seeking Alpha

Card delinquencies edge up, net charge-offs slide: July Credit Pulse

U.S. credit card metrics were mixed in July, with delinquencies rising and net charge-offs falling. The average delinquency rate advanced to 2.66% in July from 2.63% in June, but slid from 2.87% a ...