Answer: Charge off as bad debt means that the remaining amount is considers as a bad debt but it doesn't mean that you no longer owe to the amount that is not being repaid.
Step-by-step explanation:
The expression "charge off" implies that the original lender has given up on being repaid by the original terms of the credit. It believes the rest of the balance to be bad debt, yet that doesn't mean you never again owe the sum that has not been repaid.
After a record is charged off by the original creditor it is typically sent to an accumulation organization. The collection agency will at that point taking an attempt to recover the rest of of the amount with additional interest and fees.