Porsche's first fully electric electric production car, the Mission E, will be offered in three power levels, Britain's CAR magazine has learned. The fully electric sedan, due on sale in 2019, ...
What Is a Credit Card Debt Write-Off? When a credit card company decides that it has little or no chance of collecting a debt, it will write it off as a loss. Essentially, a credit card debt write-off is an accounting tool that allows the creditor to declare the debt a worthless asset and deduct it as a loss.
First, we'll look at what a write-off means. Then we'll discuss how you can tell if you still owe a debt and, if you do, how much interest they can charge. Finally, we'll spend a moment on what debt collectors can say or do.The term write-off is really just an accounting term.irst, we'll look at what a write-off means. Then we'll discuss how you can tell if you still owe a debt and, if you do, how much interest they can charge. Finally, we'll spend a moment on what debt collectors can say or do.