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Posted in Paying Your Bills
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Question By
larhonda

2 Contributions
2 People Helped
Why would an old paid off collection account, with a balance of $0, show as "open"?
Account was a past due medical bill, paid in full in 2008 (after going into collections).

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Top Contributor
82 Contributions
301 People Helped
Most Helpful Response

Was the account closed?

Helpful to 6 out of 6 people

The account could still be open with the creditor or the creditor may just be lazy about updating the credit bureaus.  The upside is that with the negative being that old, it is having relatively little impact on your score and is adding to your average age of accounts, which helps your credit score.  Once the negatives fall off at the 7 year point, it will just be an account in good standing which also helps you.

At this point I don't think I'd touch it (such as disputing it with the credit bureau or contacting the creditor).  Leave it alone and let it die off of it's own accord.  You may want to pull all 3 of your major reports to see if it is showing up in the same way with all of the bureaus.  If you are relying on info from CK's TransUnion pull, it may just be an error on the TU report.

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