I spoke with ISAAC and Equifax together to get this removed, still not removed. My account is still showing 120 Days past due with zero balance and it does lower FICO score. My TU & Experian shows Paid Collection. ISAAC told me they reported it as an Account Status Code 62 "Paid Collection, was Government claim for Current Status.
I figured out why the 120 Days past due is still on account. It's because Equifax uses Payment Rating Codes to report if the account is Current, 30, 60, 90,120 Days lates, etc. along with Payment History. If the account is late 30 days the Payment Rating Code is R1, every month the Payment Rating Codes reflects the Payment History,. Once the account is brought current the Payment Rating Code is updated to "Current".
So when the accounts is paid in full they ISSAC reported Account Status Code 62. But the Payment Rating Code was not updated to "Current" instead it was left at 120 days past due. Which is conflicting with each other. Because an account can't be120 Days past due and Paid Collection at the same time. This overrides and removes the Account Status Code 62 and leaves the 120 Days past due in the Current Status. Even thought the account has a zero balance and the remarks may say Paid Collection. The FICO scoring system goes by the Current Status "120 Days past due" which lowers my score.
