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You're NOT forgotten or forgiven. Someone will be collecting that $9000.00. Charge-off is an accounting term to cover the interst they lost on the loan. You will be contacted to pay.

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โˆ™ 2015-07-16 19:25:08
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Q: If you owe the finance company 9000 dollars for a car and it is charged off on your credit report what happens at this point?
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