How do you calculate charge-off date?

Is the charge-off date calculated 180 day from last payment or 180 days from day of first delinquency (day of first missed payment)? I am finding conflicting information re: when the clock begins.

2 Answers

It is usually claculated from the date of last payment. If your account has been charged-off, then you should start negotiating for a settlement asap. If the account has not been charged-off yet, then you can start negotiating for a settlement at the 90 day mark.


A creditor can charge you off at anytime...charge off is an accounting term and they can charge your account off at anytime when you are past due.

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