Melvin Posted April 22, 2022 Report Share Posted April 22, 2022 (edited) Good morning, I was sued by a JDB recently and it's got me looking at the collections on my reports way more closely, as I know I should've done before . There is a company that has listed a collection account with Experian but with Equifax it is listed as "closed account". They have never sent me a written notification but I have recently found emails in my spam folder from them. I reached out to them via their email platform disputing and requesting verification. I still haven't heard back from them. Equifax has them listed as "other, closed account". They are not listed under "collections". Am I correct in understanding that closed accounts stay on your record for 10 years, collections for 7? Would it be wise for me to "dispute" that this is a closed account so that it can be listed as collections? The other account listed as "closed" is the one I'm being sued for, so clearly it isn't closed either. I understand that I don't want an open collection account either, but I sure as heck don't want these things lingering 3 yrs longer than they need to be. To recap, I have 2 accounts on Equifax report showing as "other accounts/closed". Both are loans, one is pending in JP court, and the other sent me a collection email as recently as 2 wks ago. The one pending hearing is from June 2020, the other from May 2021. Should I dispute so they can be updated as collections, and fall off after 7 yrs? Or does that do more damage to my credit score than a closed account? For reference, this is what the Equifax report states: Other Accounts Report Date: Mar 28, 2022 Other accounts are those that are not already identified as revolving, mortgage, or installment accounts such as child support obligations, charge cards, or rental agreements. Click anywhere on an account entry to see more details about that account. Open Accounts You currently do not have open accounts of this type. Closed Accounts Closed accounts stay on your credit report for up to 10 years since the date of last activity. Negative information such as late payments or collections, generally stay on your Equifax credit report for up to 7 years from the date of first delinquency. EDIT: I reviewed the entries again, and "Date of Last Activity" is blank, and under comments it says "collection account" Edited April 22, 2022 by Melvin to add info Quote Link to comment Share on other sites More sharing options...
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