"Closed" Collection Account question

[rkinne02]

Hello, I am just getting started trying to clean up my credit reports. I got my free reports and had 2 collections accounts. One of them is a collection agency with the original creditor being my old college. They claim that I was overpaid financial aid, but I never knew that. Anyways, they sent it to a collection agency, and they reported it on my credit report.

It showed the amount was $905. Also, it showed "Open". I decided to dispute it, as I have some documents from before the college sent it to a collection agency showing no balance due. My dispute results were simply stated as the account has been updated to a balance of $906 (A $1 increase?).

Now on Credit Karma, it shows the account as "Closed" with a date under it of 12/31/1969????? and the balance showing $906. What exactly does this mean now that it shows closed? Im going to check my report tomorrow through EIDT to see if it also shows "Closed". I am confused as to what this means, and if I opened up a can of worms by disputing the account! Thanks for any help.

[Shogun]

You have to be careful with 3rd party reporting such as the case with CK.  All collections are open.

[rkinne02]

Im definitely going to check my report tomorrow to be sure, but seeing this made me concerned and confused. Especially with the date showing 12/1969. That was only 17 years before my birth! 

[Shogun]

I was 1.  Lol

[azguy13]

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@Shogun wrote:

I was 1.  Lol

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You're so old  

[Shogun]

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@azguy13 wrote:

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@Shogun wrote:

I was 1.  Lol

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You're so old  

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Really buddy, you're going to go there.  Lol