Charge offs - Why Chat
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Posted by star
(199.182.11.247) on January 08, 2003 at 21:09:37:
You answered my last question by saying that you will not recieve any IRS forms for a charge-off. Is that even if the amount is over $600? I also got a copy of my credit report and on several accounts it says >profit and loss writeoff< ;status as of 10/2002 Charged of as bad debt. What exactly does this mean? Thanks for your help!
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