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Collection or Installment

Frequent Contributor

Collection or Installment

I have a few accounts from the same CA.

They are listed for example:

TU has it listed as a collection account.

EX has it listed as a collection account.

EQ has it listed as a installment account.

My question is, is this hurting me or helping me? They are collections accounts.
Should I DISPUTE as incorrect, call the CRAs about where they are listed. Or let sleeping dogs lie.

I guess I wonder if a collections account listed as an installment account is hurting my FICO more than a collections account listed as a collections account would.

Any guesses, or knowledge is appreciated as always.


I'm David, and I am a FICO-aholic
Message 1 of 7
6 REPLIES
Established Contributor

Re: Collection or Installment

My guess is that it don't matter what it is, as long as it's in the collection accounts section of your credit report, it's affecting your score.
Message 2 of 7
Frequent Contributor

Re: Collection or Installment

right, but some of the collections are listed in the installment section of my report.
Message 3 of 7
Established Contributor

Re: Collection or Installment



jaguls66 wrote:
right, but some of the collections are listed in the installment section of my report.

oh!
that changes things i suppose.
 
So it's in the installment section but it says collection?
Message 4 of 7
Frequent Contributor

Re: Collection or Installment



trinigal wrote:


jaguls66 wrote:
right, but some of the collections are listed in the installment section of my report.

oh!
that changes things i suppose.
 
So it's in the installment section but it says collection?





it is from a CA, and it is listed in installment accounts.
Message 5 of 7
Established Contributor

Re: Collection or Installment



jaguls66 wrote:


trinigal wrote:


jaguls66 wrote:
right, but some of the collections are listed in the installment section of my report.

oh!
that changes things i suppose.
 
So it's in the installment section but it says collection?





it is from a CA, and it is listed in installment accounts.

then i would leave it alone.  unless of course it's not yours, then by all means, dispute away.  But if it's yours then I would just leave it. 
Message 6 of 7
Frequent Contributor

Re: Collection or Installment

thanks, Trini, I will just let it alone for now.

wasn't sure if getting out of installments might help enough to offset getting it listed in collections.

I'm David, and I am a FICO-aholic
Message 7 of 7