What does a credit card write off/charge off mean on a credit report?
Written by Credit Answers on August 28th, 2009
gregwhatshisname asked:
Due to some recent finance problems, my credit card company stated on my credit report a write off/charge off for the debt. ($19,000) The collection agency says that is just an accounting term and they can still collect the debt. Can they?
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Tags: Accounting Term, Credit Card Company, Credit Report, Finance Company, Finance Problems