Achieve reports that "charged-off as bad debt" means creditors consider an unpaid debt uncollectible, impacting credit scores and potential collections.

When you fall behind on your credit card payments, the consequences can snowball a lot faster than you may expect. For example, what might start as a missed payment due date or two can quickly lead to ...

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.