10-09-2012 03:54 PM
I have a 6 year old orchard bank cc that was written off. Midland is reporting as factoring company amd charging me interest and 120 days late every month. Is this normal or can i do something about it. My cc utilization is 100% but have no cc. Is this because its being reported as a cc with a 0 limit but a $777 past due? Help
10-09-2012 06:58 PM
That's the latest flavor of some CAs. They've found a kind of loophole that they are using to post as the OCs. File with the BBB, State AG and FTC. Maybe if enough do it they will fix it.
10-09-2012 10:06 PM
I feel like this question has been EXHAUSTED. With looking it up in search mode it is very clear that YMMV with different companies but it is easy enough to file a complaint like most others did... some to avail, others not so much. Maybe we should make this sticky or something.
Anyway, give it a shot like PP said. I haven't even bothered with Midland yet who is doing the same on my CR because they are notorious for rebuttling on BBB etc but some had luck with AG. Good luck!
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO