Hello Elezhan,

Thanks for your feedback. Charge-off refers to a loan that is in a default state, in which the lender becomes unable to pay the creditor. If a person borrows say $3000 on a loan, and has 1 year to pay off the full loan amount. Let’s say 3 months later, the borrower lost their jobs and can no longer make payments, then we can say the loan has charged off or is in default, and so the time from loan origination to charge-off would then be 3 months.

Thanks again for your feedback.

Benjamin