Common use of Charge-Offs Clause in Contracts

Charge-Offs. It is AmeriCredit’s policy that any account that is not successfully recovered by 120 days delinquent is submitted to an Officer for approval and charge-off. It is AmeriCredit’s policy to carry all Chapter 13 bankruptcy accounts until 120 days delinquent. A partial charge-off is taken for the unsecured portion of the account. On fully reaffirmed Chapter 7 bankruptcy accounts, the accounts can be deferred current at the time of discharge. Deficiency Collections Collections on charged-off accounts are continued internally and/or assigned to third party collection agencies for deficiency balances. EXHIBIT A

Charge-Offs. It is AmeriCredit’s policy that any account that is not successfully recovered by 120 days delinquent on the last day of the calendar month is submitted to an Officer for approval and charge-off. It is AmeriCredit’s policy to carry all Chapter 13 bankruptcy accounts until 120 days delinquent. A partial charge-off is taken for the unsecured portion of the account. On fully reaffirmed Chapter 7 bankruptcy accounts, the accounts can be deferred current at the time of discharge. Deficiency Collections Collections on charged-off accounts are continued internally and/or assigned to third party collection agencies for deficiency balances. EXHIBIT A