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Re: charge-off


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Posted by Art (66.200.171.70) on January 23, 2003 at 14:47:12:

In Reply to: charge-off posted by cayo on January 23, 2003 at 14:37:46:

You ARE still liable for debt. A charge-off only means they wrote it off for tax purposes.

From what I know, that account will stay on your report for 7 years from the time of last activity (i.e. your last payment). So, if you last paid them in late 96 or ealy 97, you'll be eligible for deletion of the account from your credit reports in late 03 or early 04.

You might want to visit www.creditmania.com/forum/forum.asp to get some in-depth insights.


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