Credit
Charge-Off
When a lender writes off a debt as uncollectable after the borrower has been severely delinquent, typically 120-180 days. A charge-off severely damages credit scores and the debt often moves to a collection agency.
Credit
When a lender writes off a debt as uncollectable after the borrower has been severely delinquent, typically 120-180 days. A charge-off severely damages credit scores and the debt often moves to a collection agency.