Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Plural form of
chargeoff .
Etymologies
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Examples
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That ought to be one hell of a hearing, as each CEO and Board Chairman is asked “Just why did you announce these large chargeoffs immediately after we passed major Health Care Reform?” and each one answers “Because Federal Securities Law required us to.”
The Volokh Conspiracy » The Wave of Corporate Writedowns 2010
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One of the features of CC debt is that chargeoffs are way higher than default percentages.
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That ought to be one hell of a hearing, as each CEO and Board Chairman is asked “Just why did you announce these large chargeoffs immediately after we passed major Health Care Reform?” and each one answers “Because Federal Securities Law required us to.”
The Volokh Conspiracy » The Wave of Corporate Writedowns 2010
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Prices for fresh chargeoffs — loans that are sold after the lender gives up on collecting on them — shrank to 4% to 8% of face value in 2009 from 8% to 13% of face value in 2008.
Boom in Debt Buying Fuels Another Boom Jessica Silver-Greenberg 2010
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So, Jessica is saying the landscape has changed, credit card companies reacting to higher levels of chargeoffs -- that's customers who aren't paying their bills by penalizing us who do pay our bills on time.
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Now problems are spreading to credit cards and other types of loans, resulting in expectations by WaMu for rising loan chargeoffs.
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Home-equity loan defaults and delinquencies have for several quarters been above historic norms and J.P. Morgan expects chargeoffs to rise further to about 1.5% of total loans this quarter from 1.05% last quarter.
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Problems have also spread to credit cards and other types of loans, meaning WaMu has been bracing for a steep rise in loan chargeoffs.
Washington Mutual to Get $5 Billion Matthew Karnitschnig, Valerie Bauerlein 2008
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Yesterday we erroneously reported that while chargeoffs are supposed to disappear from your report after seven years, you can get that clock reset by making payments or otherwise communicating with the creditor.
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Yesterday we erroneously reported that while chargeoffs are supposed to disappear from your report after seven years, you can get that clock reset by making payments or otherwise communicating with the creditor.
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