charge off
Date: Sun, 06/13/2010 - 12:59
the collection agency keep saying to me that my account will be charge off . Can someone explain to me why she means by that and possible consequencies
Charge off means it is written of companies books as a good debt
Charge off means it is written of companies books as a good debt and now becomes a bad debt. The account is then usually sent to collections and you could be subject to legal action thru the courts.
What type of debt?
