@Taylor92 In my opinion this should reported Home Equity Line of Credit because that what it is. Are the other two bureaus showing the acocunt type as Revolving or Installment? Interesting that it is note loan and Experian is including it in the credit utilization which to me means it is reported as revolving. (like a credit card in a sense). Show that to your lender and see if they can update/correct the reporting.
@SouthJamaica When I first saw the post It took me a minute or two to think of loan type that can be either Installment or Revolving. Which is the reason I asked my first question. I think today more of the Home Equity Loans are Home Equity Line of Credit. The feature being able to borrow money and pay it back then borrower again etc. saves both the consumer and the lender time. No more reapplying for additional Home Equity Loans. For whatever it is worth I have a background in credit and credit reporting.
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