By RAYMOND H. ANDERSON. Published: June 4, 1989. The life of Ayatollah Ruhollah Khomeini was so shadowy, so overlain with myth and rumor, that there was lingering disagreement or uncertainty about his ancestry, his true name and his date of birth.
Paying off your debts is the most important step in reestablishing your credit history. Lenders, including credit card providers, usually update your account information once a month. For that reason, we suggest you allow a minimum of 30 days and up to 45 days for the account information to be reported.
A debt that has been charged off is normally more than 180 days past due. If no payment has been made in that period of time, the accounting rule is that, because it is unlikely it will be paid in the near future, it can't be carried on the books as a current asset. Therefore, the debt is charged off.