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If the repo man is looking for your car is there a way to buy the car from the lien holder for a big discount if it has already been charged off?
Wiki User
∙ 12y ago
This is a great question to ask the LENDER. "Charged off" simply means they have taken a loss for the income they didnt make on the loan. They can still get a judgment for the entire balance due.
Wiki User
∙ 12y ago
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