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When Debt Is Written Off

When Debt Is Written Off

The Qatar Credit Bureau classifies a debt as “written off” if the creditor is unable to collect it despite repeated attempts, or if a settlement is reached under which the creditor waives part of the amount owed. The waived portion is recorded as a written-off debt, affecting the credit score, and remains visible on the credit report until the written-off debt is paid in full.

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