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.
Charged Off Account. An account usually is charged off after 180 days, or six months, of missed payments. After that period, the company considers the money you owe a loss. The company can claim this money as a loss on its tax return, according to Bankrate. Do I Still Have to Pay a Charged Off Account? You are still liable for a charged off account.