Can Charged off Debt Be Collected?

Answer

Charged Off debt can be collected since it is merely a bookkeeping entry and it does not affect your obligation pay at all. Charged off debts are there to give the bank a tax exemption on the debt.
Q&A Related to "Can Charged off Debt Be Collected"
1. Call the consumer between the hours of 8 a.m. and 9 p.m. to request payment. Once a consumer informs you or your representative, in writing, that they no longer wish to receive
http://www.ehow.com/how_6494899_collect-debt-charg...
Answer it may be still collectable, even if it has been written off, unless the statute of limitations apply Answer http://www.bankrate.com/brm/news/cc/20040116b2.asp?caret=8 link
http://wiki.answers.com/Q/What_should_you_do_if_a_...
By the time an account has gone to a collection agency, you've probably already decided it isn't something you want to pay. Otherwise, it wouldn't have been sent to a collection agent
http://credit.about.com/b/2013/06/22/why-you-shoul...
Deduction of bad debt for an uncollectible receivable at the time the specific receivable becomes worthless, after all possible methods of collection have been pursued. accrual basis
http://www.answers.com/topic/specific-charge-off-m...
Explore this Topic
1. Find out who owns the debt. Creditors generally either sell or turn over charged-off accounts to collection agencies. If the original creditor still owns the ...
When you do not pay on your credit card debt, the credit card company charges the debt off. They put it in their books as a loss, and sell the debt to a collection ...
When you do not pay on your credit card debt, the credit card company charges the debt off. They put it in their books as a loss, and sell the debt to a collection ...
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