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.
Potential creditors are much more likely to decline a loan application with a Charge Off on your credit report. This means much higher cost to you, if you qualify at all. Just because you have a Charge Off on your credit reports does not mean you have to live with it for 7 years. Through creditor negotiations and credit bureau disputes, you may be able to improve the status of a questionable Charge Off or completely remove it from your credit reports.