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.
Anytime a charge-off can be removed from your credit report it improves your overall credit profile. And any negative item (that can report for up to seven years on your report) that is removed from your credit report is always GOOD! You can check on the Statute of Limitations (SOL) for debt in your state.ost companies that have âcharged-offâ your debt have probably tried to collect it for 6 -12 months already before charging it off. Charge-offs can stay on your credit report for seven years from the date it was charged off.