meaning of 'charge off?'
Date: Thu, 01/15/2009 - 02:38
last time i saw my credit report i saw few of them says CHARGE OFF. what does that mean?
It means the creditor has written the debt off their books. It m
It means the creditor has written the debt off their books. It means you didn't pay as you agreed. It does not mean that you don't have to pay anymore, however. A chargeoff stays on your CR for 7 years.
