Equifax shows OC and CA?

Equifax is reporting both my OC-Verzon, and the CA-Midland on my report, can they do that? Also it looks like Midland is reporting this as an open account and not a charge off, and reaging the account. I haven't paid a dime since 2002 and they show last payment in 07.

I want to dispute the account since it is only being reported on Equifax and it is causing a 50 point dip in my Fico! I am a newbie so please forgive me if this seems like a stupid question, I just want to get this off my report.


MIDLAND CREDIT MANAG

851634XXXX n/a $266 07/2007 $266 COLLECTION ACCOUNT $0

Account Number: 851634XXXX Current Status: COLLECTION ACCOUNT
Account Owner: Individual Account. High Credit: $266
Type of Account : Open Credit Limit: $0
Term Duration: Terms Frequency:
Date Opened: n/a Balance: $266
Date Reported: 07/2007 Amount Past Due: $266
Date of Last Payment: 01/2007 Actual Payment Amount: $0
Scheduled Payment Amount: $0 Date of Last Activity: n/a
Date Major Delinquency First Reported: Months Reviewed: 2
Creditor Classification: Activity Description: n/a
Charge Off Amount: $0 Deferred Payment Start Date:
Balloon Payment Amount: $0 Balloon Payment Date:
Date Closed: Type of Loan: Factoring Company Account (debt purchaser)
Comments: Collection account
81-Month Payment HistoryNo 81-Month Payment Data available for display.

VERIZON WIRELESS-WES
2104626481830XXXX 05/2002 $0 04/2006 $0 CHARGE-OFF $0

Account Number: 2104626481830XXXX Current Status: CHARGE-OFF
Account Owner: Individual Account. High Credit: $0
Type of Account : Open Credit Limit: $0
Term Duration: Terms Frequency:
Date Opened: 05/2002 Balance: $0
Date Reported: 04/2006 Amount Past Due: $0
Date of Last Payment: Actual Payment Amount: $0
Scheduled Payment Amount: $0 Date of Last Activity: n/a
Date Major Delinquency First Reported: Months Reviewed: 9
Creditor Classification: Activity Description: Transfer/Sold
Charge Off Amount: $266 Deferred Payment Start Date:
Balloon Payment Amount: $0 Balloon Payment Date:
Date Closed: Type of Loan: Utility Company
Comments: Charged off account