Charge off debts can still be collected even years after the fact. The law allows creditors to charge off debts, so they may take a tax credit. Even after a write off, the company can still try to get the money out of you. Sometimes, the creditor will sell the debt to an outside agency for pennies on the dollar. This allows the new owner of the debt to try to collect from you, and make a profit
. on the deal when you've paid the debt. More information may be found at http://www.fair-debt-collection.com/searches/charge-offs.html.
