https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Charge-off-Collections-reporting/m-p/4591267#M487515 <P>I have a few charge offs/collections (with balances) on my report from 2011-2012 and the creditor has "closed" the account. However, each month they keep updating my file on the "Last reported" area. Are they not suppose to stop reporting once the account is closed? I am confused. Thank you!</P> Thu, 12 May 2016 21:16:16 GMT Anonymous 2016-05-12T21:16:16Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Charge-off-Collections-reporting/m-p/4591267#M487515 <P>I have a few charge offs/collections (with balances) on my report from 2011-2012 and the creditor has "closed" the account. However, each month they keep updating my file on the "Last reported" area. Are they not suppose to stop reporting once the account is closed? I am confused. Thank you!</P> Thu, 12 May 2016 21:16:16 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Charge-off-Collections-reporting/m-p/4591267#M487515 Anonymous 2016-05-12T21:16:16Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Charge-off-Collections-reporting/m-p/4591268#M487516 <BLOCKQUOTE><HR />@Anonymous wrote:<BR /><P>I have a few charge offs/collections (with balances) on my report from 2011-2012 and the creditor has "closed" the account. However, each month they keep updating my file on the "Last reported" area. Are they not suppose to stop reporting once the account is closed? I am confused. Thank you!</P><HR /></BLOCKQUOTE><P>No, they can update the reporting every month until it is paid, or until they sell the bad debt to a junk debt buyer.</P> Thu, 12 May 2016 21:17:21 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Charge-off-Collections-reporting/m-p/4591268#M487516 Anonymous 2016-05-12T21:17:21Z