Quote:
Originally Posted by TheDoc
What does that have to do anything? A charge off is when you don't pay your dept and the issuing bank clears the money from it's books so it's not an asset.
They still go after you to collect.. so it's nothing different than what has been happening way before any problems came around.
"Despite the gloomy economic forecast, credit card delinquencies fell slightly last month. Delinquencies are monthly payments more than 30 days late. Private-label cards also showed a significant decrease in chargeoffs from 7.1 percent in April to 6.9 percent in May."
|
So now you're pulling your facts from a commercially-driven credit card website (
http://www.credit-land.com/news/news...790476_179.php )
And I bet you think they economy is better because the white house says that fewer people are searching on google for "economic depression" ?