Author Topic: Why a JDB is NOT a Factoring Company  (Read 59295 times)

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Shadowbuddha

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Re: Why a JDB is NOT a Factoring Company
« Reply #120 on: August 29, 2012 11:37:42 PM »
I seem to recall a court case that found that a "factoring" listing, if required by the protocols of the CRA, is not a FCRA violation.  Can't find it atm though so take that as you will.
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E. Normis Debtor

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Re: Why a JDB is NOT a Factoring Company
« Reply #121 on: August 30, 2012 01:17:16 AM »
I seem to recall a court case that found that a "factoring" listing, if required by the protocols of the CRA, is not a FCRA violation.  Can't find it atm though so take that as you will.
It's in the thread.

They "factored" the account when they bought it.

Whatever spin you care to put on it, it's not illegal.
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CleaningUp

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Re: Why a JDB is NOT a Factoring Company
« Reply #122 on: August 30, 2012 01:59:59 AM »
Taking Normie's point one step further...

Whatever spin you put on it there is no "legal definition" of "factoring".

Get over it.  The allegation isn't going to do anything but waste your time.

Just Plain Bill

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Re: Why a JDB is NOT a Factoring Company
« Reply #123 on: August 30, 2012 02:11:16 AM »
JDB adding fees/Interest and reporting as an Installment account might get you some where if they can't prove they can add fees and Interest.

Also when did you agree to any Installment account with any JDB?
Doesn't a JDB assume all the assignments of the OC unless proven differently?
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