Question

If you fail to pay our credit card ant the issuer tries but cannot collect the balance from you the results could be

A. a charge-off.
B. fraud.
C. a dispute charge.
D. an unchanged credit rating.

Answer 1

i believe its c but not sure 

Answer 2

A) a charge-off.

Step-by-step explanation:

A bank or any other type credit card issuer can declare a charge-off when they believe that the debtor will not be able to pay the debt. If a persons fails to make on time payments on several occasions, he/she will be considered a delinquent debtor. Usually it takes around 6 months of not paying on time in order to be declared a delinquent debtor.

Debts are charged-off for tax purposes, since they are written off as bad debt.