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Collection Account Status Open/Closed


ohsheetnj
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I have an active collection account on my credit report(s).  When I check my credit reports, on one report where it says "account status", it says open. Yet, on another report where it says "account status", it says closed.

I ran it by a consumer attorney, but he was confused, said he would have to research it.

I think it should say "open", since they are still actively sending me collection letters.

thoughts?

 

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1 hour ago, ohsheetnj said:

I have an active collection account on my credit report(s).  When I check my credit reports, on one report where it says "account status", it says open. Yet, on another report where it says "account status", it says closed.

I ran it by a consumer attorney, but he was confused, said he would have to research it.

I think it should say "open", since they are still actively sending me collection letters.

thoughts?

 

It could be as simple as the information wasn’t updated.  I don’t see how it damages you in any significant way.  

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The TL entry of "open" or "closed" denotes whether or not the account is open to additional charges in the case of a revolving account or being paid according to terms and not in collections for closed end accounts.  Nevertheless, one of the two TLs has to be incorrect. The question is - which one?

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