What is Charge Loan?

[jeriel01]

What is Charge Loan? Can anyone assist?

[Denial Craig]

Can't find what is this...!

[natalietijan]

Don't know what is charge loan?

[tylerjackson81]

I Dont Now what u say. please Define your Problem

[AndyD]

C'mon guys focus, This is a classic example of why not to let too many spammers post in the same thread

[helina.naethon]

Charge loan is also charge-off or chargeoff. its a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt

[Dave A]

That sounds like a bad debt (also something produced by delinquents).

[Dave A]

They are both derogatory defaulted debts which are due and payable in full. They show on a consumer's credit report for 7 years from the last month/year when they were paid as agreed immediately prior to default.

Is that in accordance with the National Credit Act?

[flaker]

Is that in accordance with the National Credit Act?

National Credit act--Australia???. Brown is from down under.... and probable close cousin of another forum member, Mark Robinson

[pmbguy]

I have a great name for our next "American" (Indian) gentleman: Winston Eden Thatcher the 3rd