A charge-off and a write-off sound a lot alike, but they are two very different things. Charge-Off The term “charge-off” equates to when a credit card account reaches 180 days past due. At that point, the credit card company is required to reclassify the account for accounting purposes. Specifically, from a performing asset to a [...]
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Last night was the season premiere of “24“. As usual, it was non-stop action while Jack Bauer eludes danger and saves the world from bad guys. But there was one particular minute last night that really struck a chord with me … one of the commercials. It was a commercial from Allstate Insurance. The commercial reminded me of an article [...]
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