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Tell Me What Is Charge-off? |
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Answer» Charge off is a declaration by a lender to a borrower for non-payment of the remaining AMOUNT, when borrower badly FALLS into debt. The unpaid amount is SETTLED as a BAD debt. Charge off is a declaration by a lender to a borrower for non-payment of the remaining amount, when borrower badly falls into debt. The unpaid amount is settled as a bad debt. |
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