You may be wondering what “charge off” means if you have pulled recently your credit report and noticed it. You may also be wondering how you could remove a charge off. If you do not know that a “charge off” is, there are a lot of blogs that could explain it, such as better credit blog.
Nevertheless, a charge off is a tangle that could be easily fixed. Here are some ways to remove it from your credit report.
Offer to pay your Creditor to remove it
If you have the cash to pay the outstanding balance off, this is the simplest method to remove a charge off from your report. You will need to write a letter to your original creditor in order for this to work successfully. The letter should say that you are willing to completely pay the account to get the charge off removed from all of your credit reports.
The creditor will remove it once you have the letter. You will then send them a check. They will remove the charge off only if everything goes well. There are a lot of letter templates on the internet that you could use.
Use an Innovative Way to Argue the Charge Off
The next method is to argue the charge off using an innovative way if you do not have the cash to completely pay the balance or if you are not able to convince the creditor to remove the negative entry from your report.
You will need a copy of your present credit report in order to argue the negative entry using the innovative method. Look for the charge off entry and confirm each information piece related to the entry. You will need to find one that is not correct and argue it.