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Can a settlemant be Charged off?


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Posted by landlordphil (209.102.138.65) on July 07, 2003 at 11:10:36:

I settled with a credit card company. My equifax report says "settlement accepted" but it also says "Charge Off" under status. Is this correct? I settled the account before it was charged off. It never went to a collection agency. Can it be charged off if a settlement was accepted?


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