You may be responsible for paying a debt that has been charged off.
The term “charge off” means that the original creditor has given up on being repaid according to the original terms of the loan. Many people confuse charge off and forgiven. If your debt has been forgiven you do not usually owe the balance, but a charge off means that one creditor has written the debt off and sold or gave it to another collection firm to collect on. If your debt has been charged off, you do owe the balance and there can be serious consequences if it goes unpaid, such as a frozen bank account or wage garnishment. If you are unsure if your debt has been forgiven or charged off contact a professional who can assist you in locating this information.