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.
A charge off can find its way on to the credit reports of even the most credit worthy individuals. Whether you owe $100 or many thousands of dollars on a credit account, after the 180 day period has passed, your creditor can charge off the debt and report it to the credit bureaus. A Charge Off signals to current and potential creditors that they are unlikely to get the money back that they loaned to you.