1. Jun 12, 2007 #1
   

   dixiecup Well-Known Member

   Don't mean to be bombarding the board with questions but I have so many!
   
   If an account is charged off, can it still list a balance? Shouldn't the balance be 0? It also lists the type of account as being open but then there is a 'date closed 'date listed.
   
   I'm totally confused!

    

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3. Jun 13, 2007 #2
   

   cajun1969 Well-Known Member

   If an account is charged off,it will still list a balance due for as long as original creditor owns the account.The account should list as closed charge off with correct balance.

    

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