You are invited! We offer the most effective credit repair services available.
If your credit company begins to believe that you won’t ever pay your credit card bills, they may charge off on your account. This will typically happen if your account is delinquent by six months or more.
Essentially, a charge off means three things:Â
- You won’t be able to make any purchases with that credit account.
- You will still owe the remaining charged off balance on your account.
- Your credit score will drop, significantly. In fact, a charge off is one of the most damaging entries that you can have on your credit report.Â
How to avoid: Be sure that you’re making the minimum payment on all of your credit accounts each month. If you have multiple delinquent credit accounts, make the financial sacrifices necessary to get them all paid up to date. Start with the most delinquent accounts first. A credit card account that has been delinquent for four or five months is dangerously close to a charge off, and deserves your immediate attention. The late fees and penalties that you’ll have to pay now will be nothing when compared to the repercussions of a charge off.
 For more tips on how to help increase or maintain your credit score, call Vitesse Financial toll free at 866.407.9110. Vitesse Financial has over 15 years of spot-free experience and will handle your case with compassion and care.
For more information or to schedule your FREE consultation call toll-free at 866.407.9110
