paid charge-off

Discussion in 'Credit Talk' started by AtlantaGA, Nov 19, 2003.

  1. AtlantaGA

    AtlantaGA Well-Known Member

    A charge-off is something that's been 'written off' against P/L as uncollectable. How can something that's paid be a charge-off? I see things listed as Status 9 that are paid. How can this be? Something that is paid might be paid late, but it couldn't be a charge-off.
     
  2. lbrown59

    lbrown59 Well-Known Member

    Paid charge off means the debt was paid after it was charged off.
     

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