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Im looking at my TU CR and there are 4 sections: accounts, inquiries, collections and public records. I have 3 collection accounts listed in the collections section. I expect them to be all removed by next month. I have 1 account in the account section that says "Collection account" in the status field (damn Verizon). If I get the 3 collections removed from the collections section, will lender pulls indicate that I have "collections" in my record?
Does an account listed in account section but with note that its a collection actually count as a collection in FICO?
Duncan
The OC can report a current status as a referral for collection, but it does not become a collection for scoring purposes until a debt collector reports their collection activity.
@RobertEG wrote:The OC can report a current status as a referral for collection, but it does not become a collection for scoring purposes until a debt collector reports their collection activity.
So as long as its not listed in the "collections" section then its not a collection and once my 3 current collects are removed then I will recover my points that were lost for having a collection?