Need Help Understanding a Charge-Off

To lenders, a “paid charge-off” looks better than an unpaid one but it’s still not as good as a clean history with no missed payments. So if you’re able to pay it off it’s definitely the better option even if it’s not perfect
 
I used to work at a credit union, and trust me charge-offs were more common than you'd think. It doesn’t mean you're irresponsible or a bad person. Life happens what matters is focusing on rebuilding step by step
 
It’s completely normal to feel overwhelmed. What matters most is that you’re asking questions and seeking answers that’s the first real step toward turning things around and starting the healing process
 
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