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Is there a mandatory charge off time for a open end account?

Updated: 8/18/2019
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Stllnghrn

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14y ago

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Yes, creditors usually charge off 180 days after the first missed/delinquent payment. Yes they usualyy do but is there a law which mandates a charge off after first delinquent payment?

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14y ago
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Q: Is there a mandatory charge off time for a open end account?
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