Credit Health · हिन्दी

Written-off account

An account is written off when a lender gives up trying to recover an outstanding balance after prolonged non-payment, usually well past 90-180 days overdue, and removes it from their books as a loss. Importantly, a write-off does not erase your legal obligation to repay the debt, and it is one of the most damaging entries a credit report can carry, often staying visible for years and making new credit approvals very difficult.

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