akins503 Posted April 17, 2007 Report Share Posted April 17, 2007 I have a several CA's listing next to Loan Type as Factoring Company Account. Does anyone know what this means? Link to comment Share on other sites More sharing options...
willingtocope Posted April 17, 2007 Report Share Posted April 17, 2007 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.) Link to comment Share on other sites More sharing options...
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