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View Full Version : Charge offs


Brett Weiss
08-12-2003, 01:55 PM
A charge off is simply a bookkeeping entry. It doesn't mean that
you don't owe the money, that they can't try to collect it, or
even that they can't sue you to collect it.

--
Brett

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The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
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"Matt" <playback24@aol.com> wrote in message
news:9f85c1ee.0308120752.361d121e@posting.google.c om... Could anyone tell me what your responsibility is to a creditor
after they charge it off. I know the right thing to do is to pay it,
but can they still pursue collection? What happens if I never pay it? Thanks

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