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.
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.