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.
When an account is charged off, it does not mean the loan has been cancelled by the creditor. What this financial term actually means is the loan has been marked on the bankâs books as noncollectable and has been recorded as a loss. However, it still exists and has value to the creditor.