I've pulled my credit reports and noticed LVNV (O/C is HSBC/Orchard Bank), Portfolio (O/C is HSBC) and Asset (O/C is Cap One) reporting collection accounts. All 3 report as "factoring accounts", "installment account", "1 month terms" and date opened as the date they took over the account instead of the date the original account was opened.
In addition Arrow (O/C Providian-->WAMU-->now Chase) is reporting as "Factoring Account" "120+ days past due", account type "open" , and date opened "N/A". I recently received a letter from Raush, Sturm, Isreal, Enerson &Hornik LLC representing "Client: Arrow Assignee of ______" (that's correct...they left that blank!)
1. Is this the proper way to report?
2. These accounts are still within SOL, should I leave them all alone until out of SOL?
I'm overwhelmed, want to start the repair process, but dont want to jump the gun and cause myself to be sued. Thanks for any advice you can offer.
