Credit and Debit Cards
Credit Reports
Debt Collection

What is the difference between pre-charge off and post-charge off accounts?

User Avatar
Wiki User
2006-10-16 13:35:34

A pre-charge off is when the creditor is giving the debtor

notice that the account is in default and will be sent to

collections if a payment agreement is not made by a specified date.

Post-charge off is when the account has been sent to collections,

sold to a third party creditor or referred to a legal firm for

further action.

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.