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Is it possible


VeVe
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To have an account opened in June and closed/charged off in November of the same year? :confused:

What are the regulations, if any, of a charge off? For some reason I thought it took six months of non-payment, or delinquency, before an account could charge off.

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To have an account opened in June and closed/charged off in November of the same year? :confused:

What are the regulations, if any, of a charge off? For some reason I thought it took six months of non-payment, or delinquency, before an account could charge off.

No regulation governs when a company can charge off an account. Theoretically, they could charge it off as soon as it goes past due. Depending on when their fiscal year ends, their may have been a tax benefit for them to charge it off when they did. I've never had one charged off that quick but I've also had an account go almost 3 years before it showed as CO'd on my report (AU that just got deleted by all 3)

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