Do charge off accounts have a zero balance?

Answer When an account is charged off, it means the company holding the debt writes off the debt because the person owing the debt is not likely to pay. Charged off accounts do not have a zero balance and... Read More »

Top Q&A For: Do charge off accounts have a zero balance

Should I Close Credit Card Accounts That Have a Zero Balance?

A grant is not a loan. It is an award of financial assistance from a federal, state, or private agency for a specific, usually public, purpose. It is usually not merely for financial assistance, bu... Read More »

What Accounts on the Balance Sheet Is Net Working Capital Most Concerned With?

Net working capital is an important term to many people who work in the business field. A business owner must understand what net working capital is and how it relates to the operation of his busin... Read More »

Is there a time limit on charge off accounts?

Charge off accounts have a time limit of seven years on a credit report, according to the CardReport website. The timer starts ticking on a charged off account as soon as the balance goes into deli... Read More »

Can I use a debit card for my onboard charge accounts?

Cruise lines, such as Carnival and Royal Caribbean International, allow passengers to set up onboard expense accounts to pay for items such as drinks, shore excursions and photos. Passengers may de... Read More »