What does account charged off mean?
Date: Mon, 06/18/2012 - 11:31
I'm trying to pay off my account with GE but I called moved over to 5-6 different offices. Got a remark by one representative that the account was charged off what does that mean?
It means they gave up hope of recovering payment from you and wr
It means they gave up hope of recovering payment from you and wrote off the account. Generally it's sold to a collection agency after this happens.