Re: What is a charged off debt?

Posted by Parry (67.5.187.67) on January 22, 2004 at 14:55:27:

In Reply to: What is a charged off debt? posted by TXMomy on January 22, 2004 at 13:52:17:

It is considered a profit & loss account and they can take a tax write off--usually after 180 days of delinquency. You still owe the debt, but it will be a negative on your credit report.

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