Should I list charged off debt? Answered by Bankruptcy Attorney St. Louis MO Tobias Licker
Yes, even though the creditor charged the debt off, it does not mean the debt won’t be collected. The creditor might have sold the debt to a collection agency or is in the process of transferring the debt to another creditor. Debt never goes away. Even if you don’t hear from a creditor for several years, in most cases a collection agency will contact you at some point to collect the debt that then might have increase due to interest and late fees.