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Charge offs

loose tooth

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No, an account charging off does not mean that a creditor is about to sue. They can sue but the account could also be sent out to a CA or sold to a JDB. It could bounce around for a long time before anyone got around to suing. It depends on the creditor, the amount of debt and your particular financial situation. They'll look to see if you are employed. They'll be curious to see if you are paying other creditors. They might be interested to see if you have a mortgage. It also depends on where you live. In some states it's easier to get to a debtor's assets.

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