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No, a CA cannot report lates. That would imply that you had an agreement with them, which you don't. Depending on where you pull your report from, sometimes the information isn't quite reported correctly. But I bet if you take a good look at it, they will have listed themselves as a factoring company which gives them the ability to report like an OC. Now there's nothing that says they can call themselves a factoring company, but reporting lates is a No No. @RobertEG can explain it better I bet.
If its Midland or Portfolio or one of the others that PFD. Pay them and get it in the past. Who is the CA? Good Luck!
I had a collection with ERC at one time. When I called and asked about PFD they said no. However, after they had been paid off I noticed one time in scanning my reports that they no longer were reporting. They did not age off - the debt was too new for that - so they must've self-deleted. Hopefully they will for you too.
ERC is usually for telecommunication companys. Who are they collecting for. And do they own the account. Reason I ask. It may be an OC who will take payment and recall the debt from the CA. Congrats on having Midland and Portfolio on your side. Make sure the debt is more than 2 yrs old with Midland before payment.
Policy: We do not report to credit reporting agencies for accounts that are more than two years old (based on the date of delinquency) and paid in full (including accounts paid in full for less than the full balance).
A CA cannot report as a factoring company a factor is one who buys good corporate receivables a JDB is not classified as such. File a dispute with the CRA first based on this and if their is no resolution file a complaint with the CFPB.
@gdale6 wrote:A CA cannot report as a factoring company a factor is one who buys good corporate receivables a JDB is not classified as such. File a dispute with the CRA first based on this and if their is no resolution file a complaint with the CFPB.
LVNV Funding reports as a factoring company. Can I dispute that?