RJM Collection for Wachovia overdrafts listed as a Factoring Account?

I am preparing to take RJM to small claims court for reporting a debt that they failed to validate. I recently noticed that the "factoring company" classification entry in the listing. Can someone tell me if this is correct? RJM claims that I had a Wachovia account that was overdrawn and this is the debt that they are trying to collect. Here's the listing:


RJM ACQUISITIONS LLC/ RJ #11R010129858232



575 UNDERHILL BLVD
SUITE 224
SYOSSET , NY 11791
(800) 268-0623

Balance:
$1,026
Date Updated:
11/2009
Original Balance:
$1,026
Original Creditor:
08 WACHOVIA BANK CHECKING ACCOUNT
Past Due:
$1,026
Pay Status:
Collection Account
Account Type:
Open Account
Responsibility:
Joint Account
Loan Type: Factoring Company Account
Remark:
Placed for collection
Date placed for collection: [ 12/2007]
Estimated date that this item will be removed: 01/2013


THANKS!!!!!!!!!!!!!!!!