My car loan was with AM South Bank and at one point they sent me a payment voucher to skip a payment if I wanted because I was never late. I mailed the voucher in place of my payment and they then reported a 30 day late on my credit file.
After many phone calls I finally got AM South to write me a latter on company letterhead stating no 30 day late was made and they said they would send update to the credit bureau. I found out that they never sent the letter to the credit bureau so I disputed with Equifax and Transunion and sent the letter from AM South to them as proof.
I found out 2 weeks ago I lost my dispute and I think the reason is AM South was bought out by Regions bank and the letter I have is on AM South letterhead and all the contact phone numbers on the letterhead are disconnected.
Long story short after about 10 calls to Regions they finally updated my credit report yesterday to show no late payments but the account type has now changed from "auto loan" to "secured loan".
My question is this, Is it better for my credit to have account type say secured loan or car loan?
Should I call them and try to have it changed?
I dont want to chance complaining about the account type and somehow they start reporting the 30 day late again but I am concerned that this could possibly affect a future car loan since I hear that car loans use a auto version of fico that can be greatly affected by previous car loans.
Sorry for the long post
Thanks
