Question About companies Reporting

[aesl1982]

So I have an account on my report. its a good account with 5 years of age and perfect payments. its from Luther sales and they are one of those companies like fingerhut but higher end stuff. i had gotten 7k worth of stuff from them a couple years ago. however on my Credit report it reports as a revolver vs an installment loan. it it killing me util. as it shows a 5000 balance on 7265 limit. is there a way to correct this and have it reporrt as installment as thats what it really is?

[RobertEG]

What are the terms of your account agreement?

Do you have a line of credit, with ability to then make discretionary orders up to that line of credit amount?

I dont see how they would credit sales as installment loans, which would be each as a separate loan with set terms for their own installment payments......??

[aesl1982]

I have a term that the payment comes out auto pay every payday for 36 months. Then it’s paid off. I know the kicker is probably that when I pay so much off or whatever I can “buy” something else. But it resets everything payments and finance amount. So I don’t do that. But I bought merchandise from them for 7k nd have mimthyknoauments till it’s paid off. That to me seems like installment versus revolving