topic Re: Collection accounts listed under regular accounts not collection accounts in Rebuilding Your Credit

Collection accounts listed under regular accounts not collection accounts

Anonymous — Thu, 23 Oct 2008 14:07:50 GMT

Can I have these removed as improper reporting. If so how do I go about this. I have 3 accounts reporting under regular accounts that are actually collection accounts.

Thanks!

Re: Collection accounts listed under regular accounts not collection accounts

Anonymous — Thu, 23 Oct 2008 14:14:29 GMT

DH has this too. Most of his activity is in collections and most of the collections are showing in his open/regular accounts. Only Zales, some local chick and Comcast are in the CA section.

Re: Collection accounts listed under regular accounts not collection accounts

texan25 — Thu, 23 Oct 2008 14:14:39 GMT

I have this same issue on my reports

Re: Collection accounts listed under regular accounts not collection accounts

Anonymous — Thu, 23 Oct 2008 14:32:56 GMT

No you can not have them deleted. At times they do show with reg. accounts.

Re: Collection accounts listed under regular accounts not collection accounts

Anonymous — Thu, 23 Oct 2008 20:59:20 GMT

I have to think that having them NOT show as a collection is better. I believe this because of the whole "bucketing" thing. If you have ANY collections, you've got that glass ceiling on your scores.

Re: Collection accounts listed under regular accounts not collection accounts

llecs — Fri, 24 Oct 2008 13:27:07 GMT

Actually whether they show up as a TL or in the collections section, the damage is the same. It gets coded as a CA either way and FICO picks up on that. Now maybe a lender who just glances over a CR without studying it may see it as a TL.