Tag Archives: Bad Debt

What Is The Definition of Charge-Off?

A Charge-off is a financial industry term that means a loan is likely not going to be paid by the borrower and will likely become a tax write-off for the lending entity.

Assessing Bad Debt + Monthly Budgets [1]

In troubling financial times, such as 2009, people are suffering more than they have in decades. As 2009 wears on we are likely to see even more catastrophes taking place in the stock market on Wall Street and of course for every day consumers on Main Street.