What is a charge off? A
charge off is a bill or unpaid sum of money that has been sent to
collections by the original creditor. A charge off will do considerable damage to your
credit report. It is in your best interest to settle it as quick as possible. You may want to look into hiring a
debt negotiation company to take care of it for you. You may be able to save yourself 40-60 cents on the dollar.
Information on debt negotiation