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Factoring Company Account


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Itss probably a misnomer. The CAs are probably really "junk debt buyers" that have purchased a debt from an OC.

(In the business world, a factor is a company that buys good, collectable receiveables from other companies to help them with cash flow. Bad debts are not good, collectible receivables, but one of the major credit reporting software packages (METRO1) doesn't disquinsh.)

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