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Collection Account reporting as Open and Past Due


janda
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Long time lurker, first time poster...

On my paper report from TU, I have a collection account that reads as follows:

Loan Type: COLLECTION AGENCY/ATTORNEY

Remarks: >PLACED FOR COLLECTION

Date placed for collection: 06/2003

Estimated date that this item will be remoted: 01/2010

Balance: $169

Date Updated: 05/2006

Original Amount: $169

Original Creditor: Some Light And Power Company

Past Due: >$169<

Pay Status: >COLLECTION ACCOUNT<

Account Type: OPEN ACCOUNT

Responsibility: INDIVIDUAL ACCOUNT

I might be off base here, but I thought that a collection account reporting as open, and as past due were considered misrepresentations. Could someone please elaborate, so that I have clarification about this account?

Thanks in advance for your help.

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