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Tag Archives: credit reporting agencies

What Is The Definition of Charge-Off?

Friday, January 9, 2009

A Charge-off is a financial industry term that means a loan is likely not going to be paid by the borrower and will likely become a tax write-off for the lending entity.

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The Consequences of a Debt Consolidation Loan

Thursday, January 1, 2009

What are the consequences of a debt consolidation loan? This is a question many of our readers/borrowers ask. The short answer is very little negative and all positive. Why? Because it shows you are taking positive action to clean up your bad debt, and perhaps learn to live within your means. Bad debt defined as [...]

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