While in the process of factor analysis and reliability tests, I find that one of the factors (with only two items loading) have a 'Cronbach's α' being almost 0.4; the other 3 factors of the concept have the typically acceptable '0.7 or more' (with 2 to 5 items each).
Just to note, the loadings for this factor are above 0.7.
Does anyone know how exactly I should treat the factor with the low α? Do I just disregard it? And if so, what about the total variance explained? Do I just subtract this problematic factors?