Hi all,
I had a bad credit card debt in
1997 and at that time, the bank (that issued the credit card) took it as a write-off / charge-off. They assigned the bad account to another collection agency (I forgot the name). This agency chased me for the debt and I worked it out with them through a
debt counseling company. I paid them every month until I was out of job (and out of my apartment!) and told them I simply have no money and have a few dollars to pay.