What is a Charge Off?

Categorized | Lawsuits

Posted on18 September 2009. Tags: charge off, credit card

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This post was written by:

Greg Artim - who has written 48 posts on PA Credit Card Laws.

Greg Artim is a partner with the consumer law firm Morrow & Artim, P.C. based out of Pittsburgh, Pennsylvania. He handles the defense of Credit Card and Collection Agency lawsuits, and also assists clients with Lemon Law and Breach of Warranty matters. Visit either of Greg's other credit card websites at http://www.gregartim.com or http://www.pacreditcardlaw.com or his Lemon Law website can be found at http://www.ihatethislemon.com

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2 Responses to “What is a Charge Off?”

harry says:

January 5, 2010 at 7:42 PM

In PA, what is the length of time a Charge Off amount will appear on your credit report if you have “settled” the original balance owed?
Greg Artim says:

January 5, 2010 at 8:05 PM

That is a federal question, pursuant to FCRA adverse credit is 7.5 years past the date of delinquency (usually earlier than the charge off date). 10 years for judgments.