Legal Question in Credit and Debt Law in Georgia

Credit cards

When you default on a credit card and the bank charges off the account, can they in fact still come after you for the moneys owed.


Asked on 11/13/07, 2:03 pm

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

Re: Credit cards

Sure they can. A charge-off is basically an accounting entry. It doesn't mean the debt goes away.

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Answered on 11/13/07, 2:06 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Credit cards

Yes, in fact it becomes more likely after a charge-off than before, as they often will sell the debt to a collector.

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Answered on 11/13/07, 2:18 pm


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