Collections Can Be Confusing on Your Credit Report

Collection accounts are another source of confusion. When consumers default on a loan or credit card and the account is subsequently turned over to collections, they are surprised to see that the original account is listed on their reports (usually as a charge-off) and the collection account is reported as well. You need to remember that it’s a credit history so it shows the charge-off of the original account and the collection account. These BOTH can't be open accounts on your Credit Report. Call 1-800-442-1591 - Credit is King and Knowledge is Power! Today is the day that you should start Gaining Financial Stability with Intelligence and Integrity!