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.
Paying off a charge off does not remove it from the credit report and there can be loans available to. This is a tough one. Paying off charge offs does not remove them from your credit reports.The original creditor is pretty much out of the picture at this point. And making a payment now could extend the statute of limitations by another four or five years (depending on the SOL for those debts).aying off charge offs does not remove them from your credit reports. The original creditor is pretty much out of the picture at this point. And making a payment now could extend the statute of limitations by another four or five years (depending on the SOL for those debts).