What Are Charge-Offs And How Do They Affect Credit? - Learn About Economics
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YouTubeLearn About Economics
What Are Charge-Offs And How Do They Affect Credit? - Learn About Economics
What Are Charge-Offs And How Do They Affect Credit? In this informative video, we'll break down the concept of charge-offs and their implications for your credit score. Charge-offs occur when lenders determine that a borrower is unlikely to repay a debt after several missed payments. This decision not only impacts the lender's financial records ...
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