Community Leader
Epic Contributor
Posts: 25,670
Registered: ‎03-19-2007
Re: Charge off


While an account must, of course, be delinquent in order for a creditor to hold it uncollectible and thus do their accounting magic by moving it on their ledger as an unreceivable, that is not an additional delinquency status.  The status of delinquency marches on, and the full debt is still due and collectible.