Rebuilding Your Credit

[lee09]

Question for those who have dealt with this company. I filed a complaint to the BBB regarding them reporting as a factoring company and reporting 120 day lates on my husband's credit report. They have replied back twice stating they are reporting correctly. Does anyone have any advise on what I should do at this point? This was for a CC that was charged off by First Premier. We settled with asset.

[Shogun]

File FTC and State AG.

[NoMoBroke]

What does this entail are they wrong for noting the account as 120 days past due and as a factoring account?

[chevyman]

What they mean by factoring company

[chevyman]

If a debt buyer buys a charge off can the report a delinquency for a date it was in there posession

[DaBears]

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lee09 wrote:

Question for those who have dealt with this company. I filed a complaint to the BBB regarding them reporting as a factoring company and reporting 120 day lates on my husband's credit report. They have replied back twice stating they are reporting correctly. Does anyone have any advise on what I should do at this point? This was for a CC that was charged off by First Premier. We settled with asset.

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Unfortunately, there is nothing illegal by them listing themselves as a Factoring Company, They are still seen as a collection agency. I would file the complaint if they are listing lates. Where was the CR pull from?

[chevyman]

So a CA cannot report late or delinquent payments

[DaBears]

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chevyman wrote:
So a CA cannot report late or delinquent payments

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No, a CA cannot report lates.I would pull your credit reports from the CRA's. 3rd party credit reports sometimes have inaccurate info on them.

[chevyman]

I do have the exp one

[chevyman]

What if they are not reporting accurate