credit card/charge off/collection questions Informative - Credit card charge off
LIMA, OHIO -- Do to down sizing, I lost my job. I fell behind on my credit card payments, I wrote the companies (only one has responded) asking if they could drop the late charges/overlimit fees, I had intentions of paying. One responded stating the card was in charge off, I do not know what this means.
When a debt is turned over for collection, does interest stop?