Prices for a restaurant POS system can start from around $700. A typical low cost example is the Vend Premium which includes; POS software, a complete hardware bundle, PayPal card readers, thermal receipt printer, cash drawer and drawer mount.
You can either negotiate the removal with the original creditor or you can try to dispute it to the credit bureaus. The credit bureaus have 30 days to verify the listing or it must be removed from your credit report. There is no reason not to try and remove your charge offs from your credit report.
A charge-off or chargeoff is the declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors will make this declaration at the point of six months without payment. In the United States, Federal regulations require creditors to charge-off installment loans after 120 days of delinquency, while revolving credit accounts must be charged-off after 180 days.