What is Charge off?

January 16th, 2008 | Category: Credit Report

Most of us think that when a debt has been declared Charge off or pay off by the creditor, it has been canceled. But that assumption is totally wrong. In case of being “Charge Off”, you will still have to pay the

existing debt but will not be able to your credit cards for further purchasing.
Creditors and lenders have benefits and losses as well. They assemble money from profits and lose money from

Orginal post by Guy with Good credit report

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists
Related Articles
  • Help negotiating charge offs with creditors
  • Subprime Mortgages not the only poor Loans
  • Pay-at-the-Pump? Yes, for $75 or Less.
  • Store Credit Cards Charge More
  • Prepaid Credit Cards in the Corporate World
  • Credit Repair Schemes and Scams vs Credit Repair Attorneys
  • Zero Interest Credit Cards to Avoid
  • American Express Blue Vs Blue Sky
  • Effective Credit Card Usage Management
  • Repair Your Credit - Improve Your Life

    • No comments yet. Be the first.

    Leave a reply