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Is this right

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Posted by JKelly ( on June 02, 2004 at 16:42:44:

Is it correct to say that once you get behind on a credit card, continue to pay less than minimum, the credit card must charge off in 180 days.
For example if you minimum payment is 100.00 a month and you pay 50.00 month, causing an ongoing deliquency, the chard will charge off in 180 days?

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