Legal Question in Credit and Debt Law in Indiana

What next??

Discover Card took me to court in September of 2006, we have an agreement that I pay $100 to the court house every month. I recently printed my credit report and under my Discover account it states ''Unpaid balance reported as a loss by grantor'' and ''charged off'', and ''profit and loss write-off''. Does this mean I will be getting something that says I no longer have to pay? What do they mean by their words?


Asked on 10/15/08, 5:13 pm

1 Answer from Attorneys
Samuel Hasler Samuel Hasler

Re: What next??

No, you still owe the debt. Basically, they have written you for accounting purposes. It ahs nothign to do with your judgment.

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Answered on 10/15/08, 11:59 pm


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