02-06-2013 09:15 PM
Why does LNVN show under the installment loan section on my credit report instead of collections?
02-06-2013 09:21 PM
02-06-2013 09:29 PM
The are def report under Installment Accounts: Accounts comprised of fixed terms with regular payments this is from TU. I will have to check EQ and EX but I'm almost positive they are also reporting they same way as well as midland.
02-06-2013 09:33 PM
On EQ they are reporting under
These are all accounts that do not fall into the other categories and can include 30-day accounts such as American Express.
Could this be causing my FICO of 500 to be crushed on EQ compared to my TU 658?
Thanks for you help.
02-06-2013 09:37 PM
02-06-2013 09:41 PM
Ok how should I go about getting them to report under the collection section and not installment?
Thanks again for the time you are taking to answer my questions.
02-06-2013 10:49 PM
It also depends on where you pulled your CR from. Some places don't have everything accurate and that could be the problem. I'd make sure of that first. Secondly, they could be listed as a factoring company and thrown themselves into the OC category.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.