Re: charge off

Posted by Dan (68.170.222.74) on July 19, 2003 at 09:06:56:

In Reply to: Re: charge off posted by observer on July 18, 2003 at 18:28:23:

It is legal. After 180 Days of not payment. Your account is Charged-Off (all profits lost) and usually sold to a collection company for pennys on the dollar. Now you owe the money to the collection company. You can call the original bank and find out where/who handeles the account now.

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