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So I went to annual credit reports and got a copy of my EQ report. I have two collection accounts that are listed under "Other Accounts" instead of "Collections"
I'm wondering if this is actually hurting me worse since they seem to appear as open accounts that are late every month and basically look like loans with 100% Debt-to-Credit Ratio??
Would it make sense to contact EQ and request appropriate categorization, or would I just be hurting myself in the long-run by "adding" two collection accounts?
Here's some screenshots of the report to illustrate what I'm saying here:
And just to show the difference in header/explanation of Other Accounts v Collections, here's this one!
Any input/advice/feedback would be appreciated,
Thanks!!
OP, dont worry about classification
Any contact with CRA would be treated as a dispute and last thing you want is for any of those accounts to cause an update. Annual credit report is just for your eyes only. As long as information is correct, they can call it "Rainbow Sprinkle Sparkle" if they want.
It really does not change anything.
If you look at the actual reports, and they are classified as closed paid collections it's correct.
@Remedios wrote:OP, dont worry about classification
Any contact with CRA would be treated as a dispute and last thing you want is for any of those accounts to cause an update. Annual credit report is just for your eyes only. As long as information is correct, they can call it "Rainbow Sprinkle Sparkle" if they want.
It really does not change anything.
If you look at the actual reports, and they are classified as closed paid collections it's correct.
Perfect!! Thanks so much