Legal Question in Credit and Debt Law in Utah
credit card charge off
can an attorney collect on a credit card account that ths been charged off
Asked on 5/15/08, 11:06 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: credit card charge off
"Charging off" is an accounting process than changes an asset to a loss and writes it off of the books. Such accounts can still be collected. Often the primary creditor will sell these accounts to collection agencies and/or lawyers who then collect on the debts. You owe the money until the debt is paid, discharged in bankruptcy or expires under a statute of limitations.
Answered on 5/16/08, 10:15 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
