Greater Nevada Credit Union [GRTR NV CU CARS CY] 451 EAGLE STATION LANE CARSON CITY, NV 89701-0000 775 882-2060 Â© Copyright 2011 by Lane Guide Lenders Online, Inc. All Rights Reserved.
A charge-off is an item on the company's income statement that is not collectible and is subsequently written off the balance sheet. A charge-off is an item on the company's income statement that is not collectible and is subsequently written off the balance sheet.
A charge-off means your account is delinquent and the credit card company is viewing it as a business loss. In other words, theyâve figured out that you arenât going to be paying them anytime soon and itâs sort of an in-house shuffle of your account to a different status or department.