Collections reporting as a installments

[ihatemyscore]

I have a few collection accounts that are reporting as INSTALLMENT accounts on all 3 of my credit profiles by:

Verizon 

Midland funding 

LVNV funding 

Verizon was a charged off wireless account which I can potential be justified as an INSTALLMENT account because of services rendered per month would can be argued as a type of installment account.

Midland funding is reporting a 81 month payment history on this debt.

LVNV funding is reporting no 81 month payment history on debt but as an installment account.

Can I just file a suit in court and just take action against these companies and credit reporting agencies? What is the liklihood of winning?

Thank you.

[Anonymous]

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@ihatemyscore wrote:

I have a few collection accounts that are reporting as INSTALLMENT accounts on all 3 of my credit profiles by:

Verizon 

Midland funding 

LVNV funding 

Verizon was a charged off wireless account which I can potential be justified as an INSTALLMENT account because of services rendered per month would can be argued as a type of installment account. No, it should report as "Revolving - Other" type of credit. Not an installment account. But it is not relevant to your scores.

Midland funding is reporting a 81 month payment history on this debt. Are individual lates being reported?

LVNV funding is reporting no 81 month payment history on debt but as an installment account. Again, are individual lates being reported?

Can I just file a suit in court and just take action against these companies and credit reporting agencies? What is the liklihood of winning? No. Reporting incorrectly in not an actionable violation. You must first dispute the reporting.

Thank you.

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[ihatemyscore]

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@Anonymous wrote:

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@ihatemyscore wrote:

I have a few collection accounts that are reporting as INSTALLMENT accounts on all 3 of my credit profiles by:

Verizon 

Midland funding 

LVNV funding 

Verizon was a charged off wireless account which I can potential be justified as an INSTALLMENT account because of services rendered per month would can be argued as a type of installment account. No, it should report as "Revolving - Other" type of credit. Not an installment account. But it is not relevant to your scores.

When I am reviewing the tradelines via dispute portals online this is what they report

LVNV

Type of account: Open

Date opened: xx/xx/15 (Does the actual "Date Open") have to report the date the OC opened the account or when the CA "Opened" the account within their systems?

Creditor Classification: Financial

DMDFR: XX/15

DOFD: X/14

Months Reviewed: 12

MIDLAND CREDIT MGMT

Date opened: xx/xx/15 - Same question as above

Creditor Classification: Retail

DMDFR: XX/16

DOFD: xx/14

Months Reviewed: 13

Type of loan: Yes - Not sure what this means?

81 Months history reviewed: Dec-May positive green history... June reporting "CA"

Verizon is reporting months reviewed and type of loan: yes with 81 month positive history... 

I am not seeing actual lates but why would a CA report positive history? Now do I just do normal DV to CA and CB?

Midland funding is reporting a 81 month payment history on this debt. Are individual lates being reported?

LVNV funding is reporting no 81 month payment history on debt but as an installment account. Again, are individual lates being reported?

Can I just file a suit in court and just take action against these companies and credit reporting agencies? What is the liklihood of winning? No. Reporting incorrectly in not an actionable violation. You must first dispute the reporting.

Thank you.

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