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6 December, 11:24

Charged off as bad debt canceled by credit grantor. True or False

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  1. 6 December, 11:32
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    "Charge off" means that the credit grantor wrote your account off of their receivables as a loss, and it is closed to future charges. When an account displays a status of "charge off," it means the account is closed to future use, although the debt is still owed.

    TRUE!
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