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.
The credit card that is in collections is a closed account. Paying it off will not take that bad item off your credit report and it will have little to no effect on your poor score. Accounts that are charged off will stay on the credit report for 7 1/2 years after first delinquency. Paid off nor not.