Rena7 Posted January 7, 2008 Report Share Posted January 7, 2008 hi! i was just wondering if anybody knows what it means when it shows charge-off on your credit report. Activity says sold/transfer. & the balance states zero. Link to comment Share on other sites More sharing options...
willingtocope Posted January 7, 2008 Report Share Posted January 7, 2008 What it means is that the OC has closed the account, written it off their books completely, and sold the right to collect to some junk debt buyer (JDB). Chances are, the JDB will be checking your reports soon (if they haven't already) and if the smell money, they'll be in touch. Link to comment Share on other sites More sharing options...
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