Hello obnoxiousdrunkk-ga,
Yes, a charge off on your credit report should show the amount. Just
because it was charged off does not mean the balance was gone, it just
means the company has declared it a loss, but you still owe it.
"When a consumer becomes severely delinquent on a debt (often at the
point of six months without payment), the creditor may declare the
debt to be a charge-off. It will then be listed as such on the
debtor's credit bureau reports (Equifax lists "R9" in the "Status"
column.) It is one of the worst possible items to have on your file.
The item will include relevant dates, and the amount of the bad debt."
http://www.cardreport.com/credit-problems/charge-off.html
Google Search Used:
://www.google.com/search?hl=en&ie=UTF-8&oe=UTF-8&q=charge%20off%20on%20credit%20report&btnG=Google+Search
If this answer requires further explanation, please request
clarification before rating it, and I'll be happy to look into this
further.
Nenna-GA
Google Answers Researcher |
