Hi, I recently pulled my credit report and the following was showing up on my credit report.
Account Name: PROFESSIONAL COLLECTION
Account Number: 8888****************
Acct Type: Collection Department/Agency/Attorney
Acct Status: Closed
Date Open: 4/1/2004
Terms : 1 Month
Past Due: $517
Payment Status: Seriously past due date/ assinged to attorney, collection agency, or credit grantor's internal collection department
Comments:Subscriber report dispute resolved - Consumer disagreed.
This is a phone bill that I cosigned a friend. She never paid for it and it was paid for by me during 2004. I don't know why it's still on my credit report. Please tell me if this is bad??? since I got turned down by a credit card recently due to a collection note on my account and low credit. During 2004 my credit was 775 now it's 644 i'm so sad =(