We just looked at our Equifax report and saw that our new Electric Co is reporting our service as an installment. Our utilities here in CNY are pretty high so it shows a balance or limit of $567. I did not know they were allowed to do this. They just got bought out by another company so maybe it is the new companies policy. However I thought they were not allowed to do this. Anyone know?
My first guess would be to say yes. You pay for service after you have used it, so in effect they are extending credit. Seems to me like it should be reported as revolving if it is being reported at all. Just my opinion. Gib
