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.
Dear TYC, Paying a closed or charged off account will not typically result in immediate improvement to your credit scores, but can help improve your scores over time. If the creditor has not sold or transferred the debt to a collection agency, the charged off account will still report the balance owed. Once the balance is paid, the account status will be updated to show âPaid Charge offâ and the balance will be updated to zero. Often, when an account is written or charged off, the creditor will sell the debt to a collection agency and the balance on the original account will be updated to zero. If so, you no longer owe the balance to the original creditor, but to the collection agency.