Yes.
A CO is an accounting measure that moves a debt in an accounting ledger from a receivalbe asset to a not expected to be paid bad debt.
It does not relieve the consumer of contnued obligation for and payment of the debt, including the accrual of continued delinquencies.
Some creditors, particularly for credit card debt that may require continued billing in order to establish continued, reportable delqinquencies, will stop reporting additional delinquencies once they do a CO, but are not precluded from doing so.
Installmlent loans have preset and known monthly payments and dont require explicit, continued monthly billing that apprises of the current revolving balance and payment due, and thus have less restriction on continued escalation of reported delinquency.
