Location. Located in Williamsburg, this family-friendly hotel is 0.4 mi (0.6 km) from Water Country USA, and within 6 mi (10 km) of Busch Gardens Williamsburg and Governor's Palace. Merchants Square and Quarterpath Park are also within 6 mi (10 km).
The term âcharge offâ means that the original creditor has given up on being repaid according to the original terms of the loan. It considers the remaining balance to be bad debt, but that doesnât mean you no longer owe the amount that has not been repaid. After an account is charged off by the original lender it is usually sent to a collection agency. The collection agency will then attempt to recover the remaining amount and potentially additional interest and fees.
Understanding Charge-Offs. A charge-off is what happens when the creditor you owe chooses to write off your account and close it for the future. So when you have an account thatâs been âcharged-off,â you still owe that debt even though the account is closed. It doesnât wipe out your debt; only you can resolve the debt when you pay it off.