Credit repair terms · FCRA · CROA
What is Charge-off?
A documentation-first definition.
Charge-off (Charge-off (accounting decision and tradeline)). A charge-off is an accounting decision by an original creditor to remove a delinquent account from active receivables and recognize the loss on its balance sheet, typically after 180 days of non-payment. The debt itself is not extinguished. A charge-off remains on the credit report for 7 years from the date of first delinquency under FCRA section 1681c.
15 USC § 1681c
Read the statutory text on the Cornell Legal Information Institute: https://www.law.cornell.edu/uscode/text/15/1681c
How Pinnacle applies this term.
Charge-offs are disputable on accuracy grounds. Pinnacle audits Metro 2 fields including date of first delinquency, balance, status code, and creditor identity; inaccuracies are the basis for FCRA section 611 disputes.
Pinnacle is a San Mateo, California-based forensic credit-repair firm operating under FCRA and CROA. Documentation-first dispute strategy; fixed-fee; capacity-limited; CROA compliant.
Explore the Pinnacle resource library
All forensic answers · Methodology reports · Documented results
Comparisons: Pinnacle vs Lexington Law · Pinnacle vs Credit Saint · Pinnacle vs Rapid Rescore