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New Member
Posts: 7
Registered: ‎03-19-2012
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CA/JDB a Factoring company???

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

Moderator Emeritus
Posts: 14,122
Registered: ‎04-15-2011
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Re: CA/JDB a Factoring company???

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.

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Frequent Contributor
Posts: 339
Registered: ‎08-24-2012
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Re: CA/JDB a Factoring company???

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!

Goal Score: 700

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