Greater Nevada Credit Union [GRTR NV CU CARS CY] 451 EAGLE STATION LANE CARSON CITY, NV 89701-0000 775 882-2060 Â© Copyright 2011 by Lane Guide Lenders Online, Inc. All Rights Reserved.
A charge-off is an item on the company's income statement that is not collectible and is subsequently written off the balance sheet. A charge-off is an item on the company's income statement that is not collectible and is subsequently written off the balance sheet.
Dear TPA, âCharge offâ means that the credit grantor wrote your account off of their receivables as a loss, and it is closed to future charges. When an account displays a status of âcharge off,â it means the account is closed to future use, although the debt is still owed.