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    MoonDust's Avatar
    MoonDust Posts: 52, Reputation: 1
    Junior Member
    		  
    #1

    Aug 29, 2007, 12:16 PM
    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
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Aug 29, 2007, 12:20 PM
    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.
    MoonDust's Avatar
    MoonDust Posts: 52, Reputation: 1
    Junior Member
    		  
    #3

    Aug 29, 2007, 12:29 PM
    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.
    MoonDust
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Aug 29, 2007, 12:30 PM
    Look up or scroll down
    MoonDust's Avatar
    MoonDust Posts: 52, Reputation: 1
    Junior Member
    		  
    #5

    Aug 29, 2007, 12:32 PM
    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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