 TITLE: Derogatory Marks in Credit Reports Slow Amid Pandemic CONTENT: Average Number of Charge-Offs Is up 2%\n--------------------------------------\nThe average number of unsatisfied charge-off accounts consumers held in June 2020 was up 2% from January 2020, according to Experian data. This growth rate mirrors the growth rate seen in the same period in 2019, and shows that lenders have not shifted their behavior drastically when it comes to closing accounts that are past due.\nCharge-offs appear in credit reports after a lender tries—but fails—to obtain an outstanding debt and decides to close a consumer's account without ever satisfying the balance. Charge-offs often indicate that a consumer's account was delinquent for at least six months. Unsatisfied charge-offs are often sent to collections agencies. END