Debt Charge-offs: Do you still owe the money?

August 4, 2008 by · Leave a Comment

A common misconception people have regards charge-offs on their credit reports. Many people think that if a credit card company or other creditor “charges off” the debt, that it means they no longer owe the money, or they will no longer try to collect on that debt. This is simply not correct. A charge-off is [...]

Filed Under: Bankruptcy Law, General Issues · Tagged: , ,