2007-02-23 07:44:34 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
Yes, you still owe it. A write off means that the creditor has written the debt off (for tax purposes) as a loss because they don't expect to be paid back. At this point, if they have not sold the debt to a collection agency, then they probably are not pursuing it and it will drop off your credit report 7 years from your last payment. If you made no payments, it's 7 years from when the bill was due.
2007-02-23 11:12:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That depends upon what you mean by "written off" if you've recieved notice from them stating that they've decided (due to whatever reason) that you don't need to pay...then you don't.
If it is a matter of they tried to contact you numerous times and quit after a while, then yes, you still do owe them. You should be careful as they can keep your state tax return, and they can sell it to a collections agency.
So, all in all, unless you have written proof from the college that you no longer owe them any money, they can still come after you for it.
2007-02-23 15:54:55 · answer #2 · answered by specks_be_me 1 · 0⤊ 0⤋
Check your credit report. It could be that they are no longer making effort to collect the debt, but it could still be reflected on your credit report.
2007-02-23 16:03:25 · answer #3 · answered by mindquest 2 · 0⤊ 0⤋
It will sit on your report for 7 years from the time they reported it.
2007-02-23 17:11:43 · answer #4 · answered by Fee4Lyfe 2 · 0⤊ 0⤋
I'd say that you still owe it. Have you viewed your credit report recently?
2007-02-23 16:05:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋