Collection Accounts Frustrating On Credit Reports

[bella1013]

Supposedly when a company reviews your credit report, they see the OC and CA as one account. Well, not in my experience. I technically have 2 bad debts on my reports. It lists my total derogatory accounts number at 5 because of the OC CA and a judgement for one of the accounts. When applying for CC, they are not looking at it as only 2 bad debts. They look at it as 5. Ugh! What to do!

[guiness56]

When you have a CO or collections and both the OC and the CA are reporting that would be 2 negative accounts.  Each is scored on their own.  If you have a judgment, that is another negative and is scored separately from the other 2.  So you have a total of 3, not 5.

If you have anything that has only late payments those will also be considered adverse.

[bella1013]

That is what I thought.  I had two denials and when I called, the companies told me the same thing.  "Well, you have 6 bad accounts."  I had to explain to them that one is OC, one is CA, etc.  Just upsetting that unless I speak to someone and explain it, they will assume it's 5 seperate bad debts.  Thanks for your response!