charge off 180 or 210 ?

Discussion in 'Credit Talk' started by Kevin1, Jul 20, 2002.

  1. Kevin1

    Kevin1 Member

    what is the real charg off date 180 days or 210 days
     
  2. keepmine

    keepmine Well-Known Member

    The FDIC requires financial institutions to charge of defaulted debt at 180 days.
     
  3. chargedoff

    chargedoff Well-Known Member

    True

    ....but they can do any time before 180 days as they seem appropriate. They can even charge off after 60 or 90 days. But banks HAVE to charge off after 180.
     

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