When you have a debt that is outstanding too long, is too small, or otherwise too inconvenient for a creditor to collect, they might decide to write the amount off. This act absolves you from further payments because the debt is literally wiped off the books.
However, the creditor makes every attempt to collect which is why you want to contact Century Credit Group. Even if the debt is written off, it might still be reported to the credit bureau which may impair your credit for future purchases.
Century Credit Group and our team of professionals argue misleading charge off amounts daily, oftentimes settling for pennies on the dollar. Give us a call today at (888) 778-2345.