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Collection account showing as revolving account

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Established Contributor

Collection account showing as revolving account

Hello, Looking for advice. I have a Verizon wireless collection account showing in the revolving accounts. It is killing my utilization. Can I dispute this as its in the wrong place?

10/11/2017 EQ 640 TU 639 EX 652 12/10/2016 EQ 621 TU 607 EX 626 10/10/16 EQ566 TU591 EX 587
01/31/2008 EX 502 EQ 466 TU 481
3/14/2008 EX 578 EQ 539 TU 543
4/16/2008 EX 622 EQ 532 TU 578
5/19/2008 EX 604 EQ 591 TU 592
1/1/2009 EQ 625 EX 576 TU 569
02/13/2009 EQ 648 EX 617 TU 590
09/28/2009 EQ 568 TU 591
Thanks to all Fico supporters for your encouragement and advice
Message 1 of 6
5 REPLIES 5
Legendary Contributor

Re: Collection account showing as revolving account

Collections are stored in an entirely different segment of your credit file.

 

Is it being reported only by the debt collector, or also by the creditor?

Are you certain that it is being factored into your % util?

 

Message 2 of 6
Established Contributor

Re: Collection account showing as revolving account

Yes it is showing under my revolving accounts instead of collections and shows my credit card balance maxed out at that number. 

10/11/2017 EQ 640 TU 639 EX 652 12/10/2016 EQ 621 TU 607 EX 626 10/10/16 EQ566 TU591 EX 587
01/31/2008 EX 502 EQ 466 TU 481
3/14/2008 EX 578 EQ 539 TU 543
4/16/2008 EX 622 EQ 532 TU 578
5/19/2008 EX 604 EQ 591 TU 592
1/1/2009 EQ 625 EX 576 TU 569
02/13/2009 EQ 648 EX 617 TU 590
09/28/2009 EQ 568 TU 591
Thanks to all Fico supporters for your encouragement and advice
Message 3 of 6
Established Contributor

Re: Collection account showing as revolving account

Reported by Verizon wireless and is on my revolving accounts and shows if I pay off that revolving balance it would bring score up 40 points. But it is not a revolving account and should not be in my utilization.

10/11/2017 EQ 640 TU 639 EX 652 12/10/2016 EQ 621 TU 607 EX 626 10/10/16 EQ566 TU591 EX 587
01/31/2008 EX 502 EQ 466 TU 481
3/14/2008 EX 578 EQ 539 TU 543
4/16/2008 EX 622 EQ 532 TU 578
5/19/2008 EX 604 EQ 591 TU 592
1/1/2009 EQ 625 EX 576 TU 569
02/13/2009 EQ 648 EX 617 TU 590
09/28/2009 EQ 568 TU 591
Thanks to all Fico supporters for your encouragement and advice
Message 4 of 6
Legendary Contributor

Re: Collection account showing as revolving account

Then it is reporting as an OC account, but reporting incorrectly as to the type of credit?

 

That is an inaccuracy that you can dispute.

You can either file a dispute via the CRA, or a direct dispute sent to Verizon.

Message 5 of 6
Established Contributor

Re: Collection account showing as revolving account

Thanks Robert, I will try with CRA's and let you know results as all three show it as revolving mistake.

10/11/2017 EQ 640 TU 639 EX 652 12/10/2016 EQ 621 TU 607 EX 626 10/10/16 EQ566 TU591 EX 587
01/31/2008 EX 502 EQ 466 TU 481
3/14/2008 EX 578 EQ 539 TU 543
4/16/2008 EX 622 EQ 532 TU 578
5/19/2008 EX 604 EQ 591 TU 592
1/1/2009 EQ 625 EX 576 TU 569
02/13/2009 EQ 648 EX 617 TU 590
09/28/2009 EQ 568 TU 591
Thanks to all Fico supporters for your encouragement and advice
Message 6 of 6
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