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What is the difference between an account that is “non-performing” and one that is “charged-off”?

account charged-off difference non-performing

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A “non-peforming” account is one on which payments have stopped being made, but on which payments may be made in the future. A “charged-off” account is one where payments have stopped, and payments are not expected to be made in the future. It is written off as a loss.

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