Knowing the timeline between charge-offs and collections can help you take action before the issue gets worse.

Having debt written off may sound like you're getting a clean slate, but it can come with lasting consequences.

U.S. delinquencies and net charge-offs extended their decline in April, though both remain comfortably above their pre-pandemic levels. The average delinquency rate retreated to 2.82% from 2.94% in ...

Drake Mills, Chairman, President & CEO, addressed the Tricolor charge-off, stating, "Our decision to charge off the entire Tricolor outstanding debt is extremely conservative. We do anticipate ...