10-25-2012 10:27 AM
10-25-2012 10:35 AM
It's interesting how they list it.
Did the OC already charge-off the debt or list the debt as charged-off?
10-25-2012 10:43 AM
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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.