Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Alternative spelling of
charge off .
Etymologies
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Examples
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I had a chargeoff account on my credit for a period of time that was not mine.
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I had a chargeoff account on my credit for a period of time that was not mine.
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I had a chargeoff account on my credit for a period of time that was not mine.
September 2009 2009
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Ms. Amason of San Antonio, TX asks: 2. Is the reporting period extended if (A) the original creditor sells or transfers the account to another creditor, (B) the consumer responds to post-chargeoff collection efforts by making a payment on the debt, or (C) the consumer disputes the account with a CRA?
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In enacting the new provisions discussed above, Congress intended to establish a date certain -- 180 days after the start of the delinquency that led to the chargeoff -- to begin the obsolescence period.
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Because the commencement of the seven year period is now described with some precision by the statute, it is our opinion that none of the subsequent events you listed -- sale of the charged off account by the creditor, or a payment on or dispute about the account by the consumer -- changes the allowable period for a CRA to report a chargeoff.
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We're especially proud of the data on the next slide which reflects our chargeoff experience over the past few years.
Financial Sector and Stocks Analysis from Seeking Alpha 2010
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Was there any reversals or recoveries that happened in this quarter or is the 15 basis points a fairly clean chargeoff rate?
Financial Sector and Stocks Analysis from Seeking Alpha 2010
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The bank has not yet reported its chargeoff totals, non-performing loan volume or how much money it set aside in the second quarter for possible loan defaults, a figure known as "loan loss reserves."
Dallas Business News - Local Dallas News | Dallas Business Journal 2010
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And its $403,000 chargeoff for bad loans represented only 0.35 percent of total loans.
SplicedFeed 2010
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