The supporting cast includes Sean Young as ill-tempered Lois Einhorn, Udo Kier as the sinister Ronald Camp, and rapper Tone Loc as Ace's detective pal Emilio (Loc also wrote and performed a song for the closing credits). ~ Mark Deming, Rovi.
A charge off account is a tax and accounting maneuver done by a creditor. It means that they are reporting the debt as a loss on their income taxes so that they may claim it as a deduction from their income. A charged off debt does not mean that the creditor can't try to collect the debt in the future.
Potential creditors are much more likely to decline a loan application with a Charge Off on your credit report. This means much higher cost to you, if you qualify at all. Just because you have a Charge Off on your credit reports does not mean you have to live with it for 7 years. Through creditor negotiations and credit bureau disputes, you may be able to improve the status of a questionable Charge Off or completely remove it from your credit reports.