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.
Paying off a charge off does not remove it from the credit report and there can be loans available to. This is a tough one. Paying off charge offs does not remove them from your credit reports.The original creditor is pretty much out of the picture at this point. And making a payment now could extend the statute of limitations by another four or five years (depending on the SOL for those debts).aying off charge offs does not remove them from your credit reports. The original creditor is pretty much out of the picture at this point. And making a payment now could extend the statute of limitations by another four or five years (depending on the SOL for those debts).