Any time the word “charge” is involved in a service there is usually bad news on the horizon. Examples that pop to mind are being charged for something, being charged to do something, being charged; plain and simple and… the charge of electricity! In any case, you need to be in charge of charge offs as much as you can be and for that you need a professional on side who will help you to stay afloat and maintain your legality and your financial security at the same time. We are there to help and we have set up this service page to explain ourselves. Have a read through it!
This “charge” isn’t always a bad thing. It refers to the declaration that is made in an agreement between a creditor and a client. When the loan is in jeopardy, i.e. when it can’t be paid off for one reason or another, then something called a charge of might be the best solution. A certain price, if it cannot be paid off, might be removed from the sheet. As in, it might be struck off without being collected. This can be a good thing and a bad thing depending on how you look at it but if it is the most prudent solution, then there might be a way forward that works for everyone. Let us moderate this process to make it easier.
If there is a delinquency - or an inability to pay off a loan, then there is a chance that the account will be closed and it will be considered a charge off. The account is then closed, however the debt remains. Here, the charged off account might be sold to a third party who will handle the debt. It may be sold because the original company doesn’t have the resources to keep chasing the debt from the body that owes it. Their delinquency has forced a change and a solution needs to be found.
Individuals and Companies
We work with both individuals and companies who are involved in charge-off issues. We work with individuals to give the best advice and the best solutions. We will martial the account and make sure it is sold to someone who you are fully acquainted with and then we will give you the right advice to deal with it. We also work with companies who are dealing with charge offs and who need to do it in a way that is smooth and easy. If the account is being sold, we can monitor the transaction and make sure that you get the price that you need. Credit Ratings don’t have to fall with a charge off - but only if the pros help you!
Get In Touch
Here is the deal - we are only able to help you if you get in touch with us. It is the easiest thing to do and it will be the right choice for any situation. All of our contact details can be found on the website and we look forward to hear from you!