yyzjohn 12 Posted January 27, 2010 Report Share Posted January 27, 2010 I have a Charge off and the balance reads $1400. Shouldn't it read $0 for balance? Also, KD's are reported every month. Link to post Share on other sites
thomassl 51 Posted January 27, 2010 Report Share Posted January 27, 2010 The creditor who charged it off would have a balance of "0" and the collector who purchased the account should have the balance of $1400. The phrase "charge off" is an accounting term for IRS purposes. Link to post Share on other sites
BigWimp 19 Posted January 30, 2010 Report Share Posted January 30, 2010 0 balance 0 past due if charged off and sold/transferred$999,999 balance and $999,999,999 past due if charged off and not sold(There is absolutely NO way to determine the equasion usedxdeadhorsex)At least that's what how mine are8-) Link to post Share on other sites
