CC debt "charged off" what does that mean? implications?

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Phoenicia

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"I recently had credit card debt "charged off" by Halifax. Again I was trying to do my best and repay the money. Should I look to have the MBNA debt "charged off" too? My understanding is that the "charging off" appears as a blot on your ICB credit rating for a period of 5 years."

Folks, what does "charged off" mean, please? Is it the same as "written off" ?
 
Phoenicia said:
"I recently had credit card debt "charged off" by Halifax. Again I was trying to do my best and repay the money. Should I look to have the MBNA debt "charged off" too? My understanding is that the "charging off" appears as a blot on your ICB credit rating for a period of 5 years."

Folks, what does "charged off" mean, please? Is it the same as "written off" ?
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Sorry, that's their phrase rather than mine.

I think it means sold off to a 3rd party (rather than written off).

I'm open to correction though.
 
Thanks BazFitz - I suspected as much. Am in difficulty with them myself. Dealing with them only in writing and ignoring all the private number calls and voicemails from different staff and even text!
 
Sorry to hear that.

Did you write to them and advise them that you'd only deal with them in writing?
 
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