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Judgment – This can be a court docket get that's made by the court docket and which is relevant to a lawsuit. It in fact decides who wins the situation.

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Charge off – This can be a credit card personal debt or loan which is created off as currently being uncollectible from a borrower. This at times is the case when the loan has been marketed or provided the financial debt to some collection company. This debt continues to be collectable.

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