Cable companies rank lowest in customer satisfaction. Bundle billing practices can turn credit scores into a nightmare when charges turn into charge-offs.
A Charge-Off is one of the most damaging credit notations you can have on a credit report. It can ruin a good credit score for up to 7 years. Charge-offs occur once a debt has been uncollected for up to 180 days. The creditor no longer counts the money you owe as a source of profit, but instead, charges it off as a loss.
When rebuilding your credit, charge-offs may be a big part of your credit past. In tackling charge-offs there basically 3 actions: dispute, settle or ignore.