Legal Question in Credit and Debt Law in Georgia

charged off

if a credit card account is charged off can the company still come after you for the money


Asked on 11/21/06, 2:52 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: charged off

Yes. The obligation to honor one's debts does not go away because the creditor had to charge it off.

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Answered on 11/21/06, 2:54 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: charged off

Yes. Charged off means simply that the company has made an accounting step. In many cases, after the chargeoff, they will pursue you, or sell the debt to someone that will.

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Answered on 11/21/06, 2:57 pm


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