If you’ve pulled your credit report and spotted the term “charge-off,” you might’ve panicked and honestly, that’s a normal reaction. It sounds harsh, and it can have a real impact on your financial ...

When money's tight, as it is for many people amid today's mix of rising inflation, growing debt problems and elevated borrowing rates, it's easy for your credit card balances to spiral out of control.

A charge-off is when a lender writes off your account as a loss and closes the account for further use. You are still legally responsible for the balance that is charged off. The lender may transfer ...

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 ...

U.S. credit card metrics were mixed in July, with delinquencies rising and net charge-offs falling. The average delinquency rate advanced to 2.66% in July from 2.63% in June, but slid from 2.87% a ...

OppFi’s OPFI net charge-offs as a percentage of total revenues indicate the proportion of the company's top line that has been offset by uncollectible loans after accounting for any recoveries. A ...

Citigroup Inc.’s C subsidiary, Citibank N.A., reported mixed performance in its credit card metrics for August 2025 in a recent SEC filing. While delinquency rates improved compared with the prior ...