Common Questions
What is a credit report?
What kind of information appears on a credit report?
How long do negative items stay on a credit report?
Can I see my credit report?
How much bad credit does it take to be denied credit?
Who looks at my credit report?
What is the difference between R1 and R9?
What is a charge off?
What kind of information appears on a credit report?
How long do negative items stay on a credit report?
Can I see my credit report?
How much bad credit does it take to be denied credit?
Who looks at my credit report?
What is the difference between R1 and R9?
What is a charge off?
What is a charge off?
When you become very delinquent on an account, the creditor will probably charge it off. This means that they have written the debt off as a loss for tax purposes. This does not mean that they have given up collecting on the debt. The creditor is now likely to either sell the debt or send it to collections.
“Thank you for all the wonderful work your staff has done on my behalf. The creditors
that I wanted removed are no longer there... I couldn't have done it without you, nor would I ever want to.
You and your staff are truly professionals and I bow to you.”
— C.F., Lexington client*
(Your results will vary)
— C.F., Lexington client*
(Your results will vary)
*Important: While the testimonials and other information on this website may be exciting, Lexington Law promises only to perform the steps we've agreed to in each client's case and to charge each month only for steps already completed. As with any legal work, no outcome is promised. Your results will vary.
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