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In this video, Adam Jusko explains what a "charge off" means on a credit report. A charge off indicates that the borrower has failed to pay a loan or credit card, typically after a certain period, leading the lender to deem the debt uncollectible. This usually happens with credit cards when the lender has given up on recovering the owed amount, classifying it as bad debt for tax purposes. Ultimately, a charge off reflects that the lender considers the debt non-collectible, impacting the borrower's creditworthiness. Adam also encourages viewers to subscribe to his channel for more informative content.