Only accounts listed under the "Collection" section of CR only ones counted as collections?

[Anonymous]

Sometimes CA will list your accounts under "Open" or "Installment" or other sections.

Does just having it say "collections" in the remark area make FICO consider it a collection or does FICO only consider the ones reported under the collection section a collection?

Message Edited by sidewinder on 04-01-2008 02:43 PM

[Anonymous]

Wondering the same thing today.. I have an LVNV paid in full listed under my "open accounts" section and registers as one of my accounts, with a big fat red flag by it..

[Junejer]

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@Anonymous wrote:

Sometimes CA will list your accounts under "Open" or "Installment" or other sections.

Does just having it say "collections" in the remark area make FICO consider it a collection or does FICO only consider the ones reported under the collection section a collection?

Message Edited by sidewinder on 04-01-2008 02:43 PM

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Sidewinder, the answer is any mention of collection in a TL will make the  entire TL be treated as a collection.