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Open vs. Closed Collection Account

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coachb123
Regular Contributor

Open vs. Closed Collection Account

Whats the difference in a collection account listed as OPEN vs one that is listed as CLOSED?  Is one worse than the other?

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1 REPLY 1
llecs
Moderator Emeritus

Re: Open vs. Closed Collection Account

There's no difference on a FICO scoring standpoint (a $0 balance CA is equally damaging as one at $10,000), and there's no difference on how you'd tackle the baddie.

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