charge-offs
Uncollectible loan removals
Charge-offs are debts that a creditor has written off as unlikely to be collected, typically after prolonged nonpayment.
When a credit card company or lender declares a charge-off, they remove the debt from their books as an asset and report it as a loss.
The debt doesn't disappear—it may be sold to collection agencies, and the charge-off damages the borrower's credit report: Three charge-offs tanked her credit score.
Borrowed money arrangements
- credit cardsBorrowed-money payment tools
- mortgagesLoans secured by property
- consumer debtMoney owed by individuals
- lenderOne who loans money
borrower · delinquent accounts · past due · collection · principal · interest · portfolio · underwriting
Unrecoverable money owed
- uncollectibleImpossible to claim payment
- delinquencyCriminal or neglectful behavior
- defaultPreset standard option
- receivablesOutstanding amounts owed you
allowance · provision · reserves · nonperforming · impairment · balance sheet · income statement · recovery
Gathered groups of items
- repaymentGiving back what's owed
- settlementResolved dispute or colony
- negotiationDiscussion seeking mutual accord
- garnishmentCourt-ordered debt collection
lawsuit · judgment · asset seizure · skip tracing · payment plan · partial recovery · collection agency · reinstatement
Comparative numerical relation
- rateMeasured speed or charge
- percentageProportion out of hundred
- trendDirection of change
- volumeAmount of space filled
quarterly · year-over-year · benchmark · loss rate · cohort · performance · forecasting · reporting
loans
Borrowed money arrangements
- credit cardsBorrowed-money payment tools
- mortgagesLoans secured by property
- consumer debtMoney owed by individuals
lender · borrower · delinquent accounts · past due · collection · principal · interest · portfolio · underwriting · risk management
bad debt
Unrecoverable money owed
- uncollectibleImpossible to claim payment
- delinquencyCriminal or neglectful behavior
- defaultPreset standard option
receivables · allowance · provision · reserves · nonperforming · impairment · balance sheet · income statement · recovery · deduction
collections
Gathered groups of items
- repaymentGiving back what's owed
- settlementResolved dispute or colony
- negotiationDiscussion seeking mutual accord
garnishment · lawsuit · judgment · asset seizure · skip tracing · payment plan · partial recovery · collection agency · reinstatement · cure rate
ratio
Comparative numerical relation
- rateMeasured speed or charge
- percentageProportion out of hundred
- trendDirection of change
volume · quarterly · year-over-year · benchmark · loss rate · cohort · performance · forecasting · reporting · regulatory
- debtdebt, creditor, owe, debtor, lender
- Credit Reportscredit report, credit reports, credit score, credit scores, credit bureau
- debt collectiondebt collection, garnishment, late payments, debt collector, delinquent accounts
- mortgage loansloan amount, loan term, loan officer, lender, borrower
- payment termspayment due date, past due, late payments, payment deadline, late fee
charge-offsrecoveries
Returns to normal state
collections · debt recovery · reimbursements · payoffs · redemptions
charge, off, charges, charged, charging, charger, chargers, chargeable, discharge