Who is reporting it? That is some shady #(#( they are doing?
It's interesting how they list it.
Did the OC already charge-off the debt or list the debt as charged-off?
Listen/read what I am saying.
"This type of reporting can only be applied to current, valid debt."
With that being said, the CA lists accounts this way as a why to further hurt your scores, possibly due to the way they are coded when reported. As with any debt, you have the right to challenge any/all information that is being reported, including the comment about it being a factored account. Read this thread:
I found that thread just this morning and have sent a similar letter to a different creditor who is doing the same crap.