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Question By
JRPace

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Why does an account show Closed Write-Off, but still show up under collections as open?

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closed/write off

Helpful to 1 out of 2 people

A closed/written off account is an accounting term - after the amount owed has not been paid for after 180 days the company writes it off for their accounting purposes.  It shows up in collections beause they probably sent it to a collection agency to try and collect the amount owed for them.

Does the closed/written off company have a 0 balance showing? If yes, and it also says sold or transferred then they sold it to a debt buyer.  If there is still a balance showing then the balance they have and the balance the collection account is showing should be the same.

Just because a compnay has closed/written off/charge off does not mean you do not still owe the money - these are just accounting terms for the company.

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