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#497
02-11-2008, 04:55 PM
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Guest
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Sub:
Bogus accounts by SEARS/CBSD in collaboration with LVNV
I got a letter from amex canceling my credit obviously the reason is that I have some debts ofcourse from SEARS/CBSD and now LVNV for an unknown credit card issued by Sears. Can any one advise what action can be taken against these people for such a fictitious account and claims.
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#498
02-12-2008, 07:51 AM
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Keep that letter that canceled your credit. Send a DV to LVNV (don't expect them to respond) send it CMRR, and once they get it, dispute with the credit reporting agencies...if they validate then you have them on one violation (more will likely wrack up) and take them to court. That paper you got canceling your credit is gold proof that what LVNV has done has seriously hurt your credit score and your good name.
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#499
02-15-2008, 08:13 AM
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Guest
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credit
Hi- I've just read this entire thread- I came upon this site looking for info on LVNV for similar reasons to those mentioned above. I noticed several comments made by "David". He seems to know alot more than me about credit rights. I noticed above where you said the following: ..."Check the date of last activity and see if it is within the statutes...
Under no circumstances, you will be forced to pay the debt if it is past the statutes..if the stay of this account is too far from the 7 years mark as per the FCRA..." Sorry to be so lengthy, but if you check in again, could you please tell me where I would find info on the "statutes", what they are, and the FCRA? Thanks so much! Liz
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#500
02-15-2008, 08:33 AM
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Well LizM, The FCRA (Fair Credit Reporting Act) is the law that dictates what may stay on a credit report for what length of time, it also states that items have to be reported accurately as well as some other things (it's about 80 pages long, if you want to read through it there is a link to it in my signature) it also provides civil penalties for violations ($1,000 per violation or 1% of the companies net worth, whichever is lesser)
The statutes of limitations (which you can find a guide to SOL by state in my signature) provides the maximum number of years that can pass from the date of last activity on a account in which the creditor may file suit. If you have any further question feel free to ask.
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#502
02-22-2008, 02:02 PM
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Guest
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credit answer
To whom it may concern
My credit rating was negatively affected by your entry to the credit bureau that showed a past due status of my credit score.I request the company info that you say i owe money to. Please e-mail me at Personal e-mail id removed as per forum rules. - Jason sincerely nelson armitage jr.
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#503
02-26-2008, 01:35 PM
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Guest
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LVNV Funding
LVNV called me about a citicard debt that I had been paying 80.00 dollars amonth on.
the want 3,800.00 NOW!!! they kept talking so fast I didn't know what to do and whyt they had the debt. I call citi bank and there were no help.. now they are taking 715.00 dollars from my account on friday and 150.00 amonth after that. i can't afford it but don't know what to do????????? Help please
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#505
02-29-2008, 12:35 PM
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That interest rate may be in violation of a few federal and/or state statutes. Unless provided for in your contract they may only charge 6% interest (unless otherwise provided or prohibited by your state code)
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#507
03-08-2008, 09:49 AM
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Guest
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Phone #
I have this company on my report also. I have tried to call the (886) 861-8182 number and it does not work. I seriously have alot of things on my credit report that I know are not mine. I never took it seriouse but now my score is 420. I don't know what to do.
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#508
03-10-2008, 01:46 PM
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Guest
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LVNV Funding
When I was having a difficult financial time (lost job), these people called and threatened me constantly. They would not take a settlement. One day I got a call and said that if I could come up with 3/4 of what I owed, they would take that amount and consider it settled. I borrowed the money from my sister and paid it via phone. The next thing I know, I am getting sued from Mary Jane Elliott law firm for the balance of this. Anyone know of any attorney in Michigan who can help for free or a minimal fee? This is getting crazier & crazier!!
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#511
03-10-2008, 06:58 PM
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Junior Member
Join Date: Feb 2008
Posts: 27
Credits: 723
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Sub:
What I'm wondering after reading all these posts is - How does LVNV get these reports put on the CB's?
One of mine for instance - The original account that had been on my CB for years was taken off a couple of years before it should have been and LVNV put in it's place with the same account number, different dates. Another CB report took the original off also and put LVNV on with different dates. But there was a notation in the comment section that 2003 was the account history (or something like that) If the furnishers can't validate what they want to report, they shouldn't be able to report!
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#512
03-11-2008, 04:40 AM
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They shouldn't, and by law they can't, but that doesn't stop them unless someone takes notice and goes through proper legal channels. File complaints of this FCRA violation to your state Attorney General's office and the Federal Trade Commission.
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