After a debt has been legally declared "uncollectable" by a bank, the account is considered "charged-off." But that doesn't mean the bank walks away from the debt. They still want to collect some of the money they are owed. We will look at two different strategies banks apply and we will analyze and predict if higher cost strategy worth the effort.
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After a debt has been legally declared "uncollectable" by a bank, the account is considered "charged-off." But that doesn't mean the bank walks away from the debt. They still want to collect some of the money they are owed. We will look at two different strategies banks apply and we will analyze and predict if higher cost strategy worth the effort.
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salmankhaliq22/Which-Debts-are-Worth-Banks-Effort
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After a debt has been legally declared "uncollectable" by a bank, the account is considered "charged-off." But that doesn't mean the bank walks away from the debt. They still want to collect some of the money they are owed. We will look at two different strategies banks apply and we will analyze and predict if higher cost strategy worth the effort.
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