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Home > Money & Services > Bankruptcy & Debt   »   Charged Off Debt

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Old Aug 29, 2007, 11:16 AM
MoonDust
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Charged Off Debt
After a debt has been charged off by your credit card company is it possible to go back to them to make a settlement with them?
MoonDust

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Old Aug 29, 2007, 11:20 AM   #2  
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This is a common misconception. Charging off a debt has NO effect on your obligation to pay. It is purely a tax maneuver on the part of the creditor. Yes, you can go back and offer a settlement.
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Old Aug 29, 2007, 11:29 AM   #3  
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Quote:
Originally Posted by MoonDust
After a debt has been charged off by your credit card company is it possible to go back to them to make a settlement with them?
MoonDust
I am looking for ScottGem's answer? could you help please.
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Old Aug 29, 2007, 11:30 AM   #4  
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MoonDust agrees: Helps I know now you can contact the orignal creditor,
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Old Aug 29, 2007, 11:32 AM   #5  
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Quote:
Originally Posted by MoonDust
After a debt has been charged off by your credit card company is it possible to go back to them to make a settlement with them?
MoonDust
Thanks ScottGem I will try to contact the original creditor for a settlement.
MoonDust
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