If you have charge-offs on your credit report...what does that mean and how do i payoff things on my

It means the creditor has given up on collecting the debt you owed, and written it off as uncollectable. Yes, it may have been turned over to a collection agency. Call whoever is now responsible for collecting [original creditor or collection agency], negotiate a deal--then get it IN WRITING from them--that if you agree to pay $$$ [which may be the balance], they will agree to report to the credit bureaus that [strike your best deal--%26#039;paid in full%26#039; is best]. You want at least the balance and past due amounts to show $0 when all done, though they may or may not agree to remove evidence that it WAS in collection, since it WAS.Get everything in writing, document your payment [check, money order, etc], keep copies of all paperwork, check how the item has been corrected with the 3 major credit repositories: TransUnion, Experian, Equifax. You want the account to show at least $0 balance/$0 past due---since%26#039;settled%26#039; or %26#039;partial payment accepted%26#039; are not good for improving your score. You will be re-scored after you apply for a credit extension and your credit is re-pulled. Do NOT close out old accounts. Keep credit inquiries to a minimum. Note that after 7 yrs, collections would fall off of your credit report anyhow.

If you have charge-offs on your credit report...what does that mean and how do i payoff things on my report?

Those are accounts where money was owed and not paid in a certain time period, usually bank accounts. To pay off those things contact the company you owe and ask them how you can settle your accounts.

If you have charge-offs on your credit report...what does that mean and how do i payoff things on my report?

i believe a charge-off is the company saying that you are not going to pay the debt.

If you have charge-offs on your credit report...what does that mean and how do i payoff things on my report?

check if those unpaid accounts are in collections now.if so,call that collection agency.you have to pay it off,otherwise your score will never improve.make sure u get some sort of confirmation,a letter that shows that you paid that account