@dpr73 wrote:
I called my credit union and they do have listed as a auto loan but the account type is open, which is neither installment or revolving. I would agree that the my credit union miscoded if not for the fact that EQ has it calculated correctly and has the account listed as open too. So something on TU's end is not right.
If I read your post correctly, it sounds like your CU coded the account wrong and needs to send corrected data to the CRAs, especially TU. Just because EQ managed to translate the incorrect data doesn't mean it's TU's job to do the same.
If "Open" appears in a status field, it is correct, as in "open" vs. "closed".
If "Open" appears in an account type field, it is incorrect. In an account type field, "Open" is similar to Net 30 Days, the type of account many businesses have with their vendors. The account type field should identify your auto loan tradeline as "installment", and that is how the CU should have coded it, AFAIK.
That said, I wouldn't be surprised if TU messed up on their end as well. TU has made more errors on my tradelines than EX and EQ combined ... 