MIDLAND is playing games with me

[earlyKY]

Long story short... midland was reporting a collection on an old aspire visa card. I sent them a letter the middle of October, via certified mail and received the signature receipt but they ignored me completely.

Fast foward to last week.... I filed a complaint with the BBB because they are attempting to collect a debt that falls under the cease and dissist order of a FTC lawsuit for aspire cards.

Today I check my reports and they have added the collection to my "accounts" instead of collections. They are reporting as an open account, factoring company, and reporting 120+ days late.

This account is past the SOL so I'm ready to put up a fight... I'm just not sure how.

Any advice??

[guiness56]

That is more of the CRAs doing than Midland.

Any collection account is an open account until paid.  Then it will show as closed, or should.

They can report as a factoring company.  They are still a debt buyer.

They can report the worst delinquency on the account when they received it.

[earlyKY]

Before they had it listed as a collection and only on 2 of my credit reports. Now they are listing it as an open account (like in the same bracket as my credit cards and installment loans.) on all 3 of my credit reports.

Maybe it was just a coincidence... I'm still hoping something good will come from my BBB complaint.

[guiness56]

IMO, being in the account section is a CRA issue and not the CA.

However, as long as it says collection anywhere on the account, it is still scored as a collection by FICO.

A drawback is these reporting in the accounts are usually counted toward your utilization.