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 Balance: $420 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 =(
i would try disputing it first with the cra's and see what happens. plus maybe a stern letter to the collection agency.. it does not seem that an acccount can be closed and past due?
