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.
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.