24d • Your Support Team🤝
A charge off is one of the most damaging things that can happen to your credit. 📉
Here is exactly how bad it gets 👇
🚨 Your score can drop 100+ points overnight
🚨 It stays on your report for 7 years
🚨 It makes it nearly impossible to get approved for:
❌ Personal loans
❌ Business funding
❌ A mortgage
❌ Even an apartment
Lenders see a charge off and immediately view you as a high risk borrower.
That one account that went unpaid could be the reason you get denied for the home, car or funding you have been working toward. 😳
The good news?
It can be dealt with. And the sooner you act the better.
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1 comment
A charge off is one of the most damaging things that can happen to your credit. 📉
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