It's a reporting tactic that many of the CAs are using now. It's not wrong to post as one, however it gives them posting ability that is otherwise not available to a CA. It's what they do with that where the problems lie.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
updating!
still no word from midland... but i did recieve my green card back with a *Stamped* signature. lol
i got a score watch bump of 5 points the other day for no apparent reason. i decided to sign up with usaa monitoring to see what it was all about. it looks like midland did change some stuff but its like all three agencies are reporting different things. is this just the way usaa looks?
isnt midland supposed to be sending me a letter saying they are investgating my dispute?
ill post a picture of my report now if i can.
Midland is reporting as an installment account on my credit as well with a $0 balance (paid it earlier this year) and 120+ days past due. Currently, I don't have a collection account on my credit. By disputing this as described in this thread ... Am I taking the risk of losing points and getting a collection being added onto my file?
Starting Score: 474
Yes, it does say collection account.
got a letter today that midland is going to delete from all three CRAs. im feeling golden 
all thats left on my report is a 25 thou medical bill from a hospital stay. ugh im not sure i can pay that one.
anyway i hope this helps some of you guys... midland is a tough one to crack!!