06-09-2009 06:45 AM
06-09-2009 07:27 AM
Why why WHY would you want to do this???
The goal is to have NO collection accounts reporting. Maybe they are updating every month?--which they shouldn't do now that they're paid off.
Especially if you have no other collection accounts reporting, the first CA hitting as a CA will do major damage. Reporting as a "regular" account is not hurting you.
Is there something else about how this is reporting that is hurting you??
06-09-2009 08:03 AM
06-09-2009 08:06 AM
The goal is to have NO collection accounts reporting.
OP, if they move it to "Collections" you will still take the hit. FICO will still read it as a CA. Your goal should be to get it off. BTW, if the CA updates, you could see a score drop.