can you explain?

[Peanut2010]

Just checked my equifax score/report.  Found an account Asset Acceptance, it is in my closed accounts, but it is saying it is a collections account.  It isn't in the collection part of my report.

ASSET ACCEPTANCE COR	GE CAPITA-1xxx1XXXX	06/10/2011	$2,524	09/12/2013	$2,524	COLLECTION ACCOUNT
ASSET ACCEPTANCE CORP. Asset Acceptance,Llc PO Box 2036 Warren, MI-480902036   Account Number: GE CAPITA-1xxx1XXXX  Status: COLLECTION ACCOUNT  Account Owner: Individual Account.  High Credit: $2,098   Type of Account : Open Credit Limit:   Term Duration:   Terms Frequency:   Date Opened: 06/10/2011   Balance: $2,524   Date Reported: 09/12/2013  Amount Past Due: $2,524  Date of Last Payment:   Actual Payment Amount:   Scheduled Payment Amount:   Date of Last Activity: N/A Date Major Delinquency First Reported: 07/2011  Months Reviewed: 26  Creditor Classification: Retail  Activity Designator: N/A  Charge Off Amount:   Deferred Payment Start Date:   Balloon Payment Amount:   Balloon Payment Date:   Date Closed:   Type of Loan: Factoring Company Account (debt buyer)  Date of First Delinquency: 10/2008                          Comments: Consumer disputes this account information, Collection account   81-Month Payment History No 81-Month Payment Data available for display. Is it a collections account or is a closed account or both, and how much weight does it have on my report/score? Thanks in advance...

[guiness56]

Welcome to the forums.

If it says collections anywhere on it, it is scored as one by FICO.

A collections has a big negative impact on your score, especially newer ones.

Do you know if this is factored into your utilization.  When reported this they the sometimes are.

[Peanut2010]

I am doing a happy dance! The above will be removed from my report !!!! Just a few more to go! But the fact that I got this done, shows I can do it!