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Re: Charge Offs, too


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Posted by Sean (68.168.243.190) on February 17, 2003 at 15:31:42:

In Reply to: Charge Offs, too posted by Pallen on February 08, 2003 at 07:26:04:

That does not mean they get 100% of their money back! They can recover some funds by selling accounts, and tax deductions. However, usually that just means pennies on the dollar. Plus this is profits lost, delinquency up, lower company ratings.. etc.. its NOT a good deal for the company. Others end up paying for it through higher rates, and fees..


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