Location. Located in Williamsburg, this family-friendly hotel is 0.4 mi (0.6 km) from Water Country USA, and within 6 mi (10 km) of Busch Gardens Williamsburg and Governor's Palace. Merchants Square and Quarterpath Park are also within 6 mi (10 km).
The term âcharge offâ means that the original creditor has given up on being repaid according to the original terms of the loan. It considers the remaining balance to be bad debt, but that doesnât mean you no longer owe the amount that has not been repaid. After an account is charged off by the original lender it is usually sent to a collection agency. The collection agency will then attempt to recover the remaining amount and potentially additional interest and fees.
Anytime a charge-off can be removed from your credit report it improves your overall credit profile. And any negative item (that can report for up to seven years on your report) that is removed from your credit report is always GOOD! You can check on the Statute of Limitations (SOL) for debt in your state.ost companies that have âcharged-offâ your debt have probably tried to collect it for 6 -12 months already before charging it off. Charge-offs can stay on your credit report for seven years from the date it was charged off.