Posts: 14,062
Registered: ‎04-15-2011
Re: Understanding agencies that buy your loans once defaulted

Yes but these are not factoring companies.  These are collection agencies that are filing a glitch to the CRAs in order to bypass some of the posting restrictions of CAs.  I agree that there are factoring companies, however purchasing those in arrears in not by definition a factoring company, they are a CA.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
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Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!