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.
Charge Off On Credit Report. Youâre probably here because you noticed a charge off on your credit report, and you want to know what charge off means. In the most basic terms a charged off account is one where a creditor has declared that you will not pay the debt and so they have written the debt off as a loss.