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What does it mean if a credit card's status is 'internal chargeoff' and the debt is being pursued by a law firm?
Wiki User
∙ 15y ago
More than likely been sold to a third party collector work with attorneys that specialize in collections. The first contact is usually via mail, seeking "cure and remand." This is sometimes the precludes a lawsuit.
Wiki User
∙ 15y ago
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