Reply
Frequent Contributor
lonelyisland
Posts: 440
Registered: ‎10-30-2013
0

Collections Agency reporting as open account?

One of my collections is reporting kinda weird - I am going to pay this, but is this reporting incorrect?

 Should I ask them to list it as a collections account  when I contact them or does that hurt me more?

The Chadwicks card is listed correctly as a charge off CC account on a seperate line of its own.

 

ASSET ACCEPTANCE COR
Account #CHADWICKS
Account TypeOpen Account
Balance$300.00
Date Opened1/1/09
  
Account StatusClosed
Mo. Payment
Past Due$300.00
Payment StatusAt least 120 days or more than four payments past due
High Balance$202.00
Limit 
Terms 
CommentsCOLLECTION ACCOUNT
Start: MyFICO EQ 579 (Oct 2013)
Now: MyFICO EX 717 | EQ 697 | TU 727 | (DEC 2014)

AMEX Everyday $23.5K | Chase Marriott Premier $12K | Sportsman Guide Visa $10K | Discover IT $9K | Loft MC $7900 | J Crew $7150 | Chase Freedom $5.5K | Talbots $5100 | Barclays Sallie Mae $5K | Nordstroms $5K | Amazon $3700 | Banana Republic $3500 | Macys $2500 | Cap One QS1 $1800 | Cap One QS1 $1750 |
Mega Contributor
RobertEG
Posts: 18,466
Registered: ‎03-19-2007
0

Re: Collections Agency reporting as open account?

[ Edited ]

Yes, all collections are Open until the debt is either satisfied of the collection terminated.

 

Not to be confused with the type of credit on the OC account, which can be revolving, installment, or open-type.

Frequent Contributor
lonelyisland
Posts: 440
Registered: ‎10-30-2013
0

Re: Collections Agency reporting as open account?

Hmmmmm

 

Thats odd, the other 2 collections accounts I have on this report list "Collections Account" in that space, whereas my open and updated credit cards are listed as "Open"....

 

 

(Both of the other 2 look like this)

 

CAVALRY PORT
Account #111XXX
Account TypeCollection Account
Balance$541.00
Date Opened10/1/06
  
Account StatusClosed
Mo. Payment
Past Due$541.00
Payment StatusUnpaid
High Balance
Limit 
Terms 
Comments 

 

Start: MyFICO EQ 579 (Oct 2013)
Now: MyFICO EX 717 | EQ 697 | TU 727 | (DEC 2014)

AMEX Everyday $23.5K | Chase Marriott Premier $12K | Sportsman Guide Visa $10K | Discover IT $9K | Loft MC $7900 | J Crew $7150 | Chase Freedom $5.5K | Talbots $5100 | Barclays Sallie Mae $5K | Nordstroms $5K | Amazon $3700 | Banana Republic $3500 | Macys $2500 | Cap One QS1 $1800 | Cap One QS1 $1750 |

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}