Re: Charge-Offs?
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Posted by LadynRed
(199.91.33.254) on July 02, 2003 at 16:40:41:
In Reply to: Charge-Offs? posted by Julia on July 02, 2003 at 15:52:42:
Charge-off is an accounting term, nothing more. It means they wrote it off as an uncollectable bad debt, reported as such to their board of directors and to the IRS. If the charge-off is recent, rest assured, AE WILL sell it to a nasty CA.
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