11-26-2013 05:37 PM
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 Type||Open Account|
|Payment Status||At least 120 days or more than four payments past due|
11-26-2013 06:04 PM - edited 11-26-2013 06:06 PM
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.
11-26-2013 06:10 PM
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)
|Account Type||Collection Account|
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.