“My Debt is a Charge-off. Do I Still Need to Pay It?”
It’s time for me to bust another common debt-related myth that I get asked about frequently. Basically, the myth is that once a creditor records a “charge-off” (where your account is declared as a bad debt and a loss is recorded by the creditor), then the creditor no longer has a right to attempt further collection on that written-off debt. (Click to continue reading this post…)