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Forum Home > General Discussion > What does "payment after charge off/collection" mean?

Percy A Lowe
Site Owner
Posts: 10

The statement, "payment after charge off/collection," means that the account was either charged off as a loss by the company with whom you had credit, or that the account was sent to a collection agency for payment. After either one of these situations happened, the full amount owed was paid to the appropriate parties which brought the account to a zero balance.

January 13, 2012 at 3:42 PM Flag Quote & Reply

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