Re: Judgment threatened on credit card
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Posted by obsever
(152.163.189.170) on September 10, 2002 at 16:01:56:
In Reply to: Re: Judgment threatened on credit card posted by LadynRed on September 10, 2002 at 15:15:31:
Ladynred, They must write it off at 180 days. There is a one time 30 day extension if they feel there is a reasonable possibility that the debt can be brought current. But, just because it's charged to p/l, doesn't mean they can't continue to try and collect internally. If per chance it does become current after chargeoff they can always book it as a "recapture".
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