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Default Having Been Made in the Payment of the Indebtedness Secured by that Certain Form

Default Having Been Made in the Payment of the Indebtedness Secured by that Certain Form

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What makes the default having been made in the payment of the indebtedness secured by that certain form legally binding?

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hey i'm adam jusko this is adam answers where we answer the burning and not so burning questions of the day in this video what is a charge off when you see that on your credit report what does it mean to have something charged off we're going to talk about it but first i'm going to ask you to please subscribe to this youtube channel if you have not already if you have already i thank you for doing so so if you see the words charge off or charged off on your credit report what does that mean well the short answer is that it means somewhere along the line you failed to pay a loan or a credit card probably a credit card and after a certain period of time the bank or other lender that gave you that loan or credit card has decided that you are not going to pay too much time has gone by and they sort of have given up on you they've written you off written off that loan or that credit card balance as bad debt for tax purposes so they can say we cannot collect o

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