Greenwood is an important lake in the Skylands region. Historically known as a resort community and playground for celebrities â Cecil B. deMille, Babe Ruth, the Jeter family, and others in sports and the arts â Greenwood Lake still offers adventure, fun, and relaxation for families and singles.
1 The credit report drop-off time is seven years plus 180 days or six months from date of the delinquency, not from the date of the charge-off.  All civil suits and some criminal arrests, as long as the statute of limitations is not longer than seven years.
Depending on the size and type of debt, the collection agency may require full payment of the debt, agree to take a portion of the debt or allow you to make payments to settle your charged off account, according to Bankrate. How Long Does a Charge-Off Stay on My Credit Report if I Don't Pay? A charge-off remains on your credit report for seven years. The seven years does not begin when you pay the debt in full; it begins when the account was charged off.