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A bank or a loan company can "charge off" a small amount of debt to get the amount off their books. However, this will affect a person's credit report. And it does not mean the person does not have to pay the debt. A debtor should still work to pay off the charge off, to clear the debt and save their credit rating.
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What is a charge-off on your credit report?
Charge off is a shortened version of "charged off to profit and loss". This is an internal accounting term for activity creditors take on defaulted accounts. For a consumer's purposes charge off = collection account. This is a defaulted debt that shows as a derogatory account on your credit file.
What is internal charge off?
A bank or a loan company can "charge off" a small amount of debt to get the amount off their books. However, this will affect a person's credit report. And it does not mean the person does not have to pay the debt. A debtor should still work to pay off the charge off, to clear the debt and save their credit rating.
Will the iPod charge if it is off?
No, the iPod will not charge if it is off. The iPod must be on for it to charge.
Does an electric scooter need to be switch off to charge?
It will charge faster if the primary ignition is off and the switch is flipped off, but it does not have to be completely off to charge.
Does a Nintendo DS lite need to be on or off to charge it?
You can charge it whilst it's on or off.
Do you charge the iPad when the iPad is turned off or on?
You can charge your iPad either way - it doesn't need to be on or off. However, the most effective way is to charge your iPad when it's off. It will charge much faster.
What is a charge off bank?
I've never heard of a "charge off bank" but I do know that a charge off account at a bank is where they bank has listed a loan as "uncollectable" and is probably reporting it to the credit bureau as a charge off or "bad debt". Hope this helps
Can you charge your iPhone 3G when it's turned off?
Yes. You can charge your I-Phone when it is turned off.
Does a bank account charge off go on your credit report?
Yes, any charge off goes on.
What causes alternator not to charge battery?
Defective alternator or internal voltage regulator is bad.
What is the purpose of the IRS?
The IRS is in charge of collecting Taxes and interpreting the Internal Revenue Code
What causes the alternator to not charge batterie?
Defective alternator or internal voltage regulator is bad.
