https://ficoforums.myfico.com/t5/Credit-Cards/What-s-the-difference/m-p/2362215#M666942 <P>Either way you owe write off is sold to someone else and written off there books and take the tax break. Charge off is still on there books and they still may try to collect. Hope this helps.</P> Sun, 11 Aug 2013 15:30:44 GMT coldnmn 2013-08-11T15:30:44Z https://ficoforums.myfico.com/t5/Credit-Cards/What-s-the-difference/m-p/2362051#M666905 What's the difference btw CO and WO? Sun, 11 Aug 2013 13:46:44 GMT https://ficoforums.myfico.com/t5/Credit-Cards/What-s-the-difference/m-p/2362051#M666905 fixmycred14 2013-08-11T13:46:44Z https://ficoforums.myfico.com/t5/Credit-Cards/What-s-the-difference/m-p/2362215#M666942 <P>Either way you owe write off is sold to someone else and written off there books and take the tax break. Charge off is still on there books and they still may try to collect. Hope this helps.</P> Sun, 11 Aug 2013 15:30:44 GMT https://ficoforums.myfico.com/t5/Credit-Cards/What-s-the-difference/m-p/2362215#M666942 coldnmn 2013-08-11T15:30:44Z