Same here as guest -- all these different attorneys, nobody will validate -- because they've all been asked.

Now today it's NCO calling (another snake), saying they're working for Providian, but their demand letter shows "RESURGENT/MLN" as the original creditor.

We're ready to pay SOMEBODY, and we want it deleted from the credit report. What do we do? Help!!

[Bossy4455]

Be carefull about paying them,until you know they legally can collect.You might pay them and they may or may not have your debt.I dealt with LVNV and their many agencies,sent a dv letter,no response.I then sent a follow up letter,and still no response,this has been going on since Jan.,figure they must have sold it again.The same for NCO,I got one man who was nice and actually worked out payments,except,now,it is paid off and they haven't sent anything showing that...Karen

If you pay on the debt (even $20.00) the clock starts ticking again from the moment of payment. I am trying to help my parents with their debt. LVNV probably bought the account from Sears for a few cents on each dollar owed.

[phonguy]

Here's the catch. The collection agency has 30 days to respond to a validation request. If you follow it up with a second validation request and get no response go to the credit reporting agency and dispute it advising that the CA refused to provide validation of the debt. The CRA doesn't work for the CA, and the experience I've had with the CRA was quite pleasant.

You may not have to pay one penny if they can't validate the debt. And it will be removed.

If you pay (even when you don't actually owe) it pretty much automatically validates the debt and it will not be removed. It will however show as paid (in full or by settlement) once you make it that far.

[Bossy4455]

Unless I'm wrong,someone can correst me on this,I don't think there is a set limit on how long a CA has to validate. I know there is alot of talk about 30 days,but I don't think there is a set time. I would follow up with a letter,then contact the credit reporing agencies to dispute,they will look at your claim and see if it can,or has been validated,then go from there...Karen

Hello there. First allow me to explain my situation. I just received a notice on my credit report that LVNV Funding has purchase an account from SAM'S Club that was charged-off in Jan of 05. I have been trying to research who they are and I found this page. There is a lot of good insight in here and I figured that possible someone could help me. The account originated in Tennessee where I was living in 04. I was living in an apartment making just over minimum wage and barely surviving. I since than have joined the military and am now living in Missouri.

1. My first question is what exactly is an SOL and how does it work?

2. How does it apply if my account originated in a state that I no longer reside in?


Here is what is listed in the credit report.

Account Name: LVNV FUNDING
Account Number: this was omitted
Acct Type: Unknown - Credit Extension, Review, Or Collection
Acct Status: Closed
Monthly Payment:
Date Open: 5/1/2006
Balance: $522.00
Terms: 1 Month
High Balance:
Limit:
Past Due: $522.00
Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department


any help would be appreciated.

OH! and one more thing. The date the original account was opened was 3/1/2004.

[Bossy4455]

First the SOL is staute of limitation-it can vary from state to state on how long someone can leggally collect on a debt.The first thing to do is to send a debt validation letter to make sure they are legally bound to collect. You can find many usefull toools and info on the "Guide" button,just above the "POst Reply" button. Send everything certified,return receipt,and keep copies of everything. Is sent LVNV a DV letter several months ago and they haven't validated yet,what they usuallu do is send it through their many agencies,Phillips-Cowen,Resurgent,etc.,do not pay until you get the validation .It doesn't matter that you don't live in the state it was done in.,they can still try to collect,haras,etc. Do not try to deal with these people over the phone,they will be rude,threaten,etc.You can send a cease and desist letter that the only contact with you will be by mail. Hope this helps ...Karen

I have an account from this company, it was purchased for a sears account that was charged off in 2003. I recently dipusted both accounts that were in my credit report and they removed the original sears account and not LVNV, I am trying very hard to repair my credit however, I do not want to contact them and have them re-age my account as it is scheduled to be removed in 2010.

They are pretty harassing calling as many as 4 times per day and they have called all my family members and told them details of account one guy even cursed at my father. I am also afraid that by my sending a debt validation letter the communication with them will somehow give them validation and again re-age the account.

Any suggestions would be appreciated.
Thanks.

By the way I live in Ohio and the SOL is thirteen years. So that does not help.

[Bossy4455]

Amy-if you send a debt validation letter,it is by no means saying that you are responsible for the debt. It is simply that they validate to make sure they have legal means to collect. You will find numerous samples of debt validation here and it state that. You need to also send a cease and desisit letter that no communication will be done except by mail. They are in violation(which LVNV is well known for) if they are discussing this with others. Keep notes of who called,when and what was said for yourself.Always make copies of everything you send.When you send the dv letter,they must cease communication until they fully validate,not just give you an amount,etc. Good Luck ...Karen

[Bossy4455]

BTW-don't be surprised if you don't hear from LVNV,but start hearing from their other companies,they passed mine around to serveral. I would just send them dv letters,too,but no response yet. Good Luck-they are sharks!...Karen

Thanks for your help I appreciate it.

Send them a letter letting them know it's not your account and that you'll sue them for reporting inaccurate information on your CR. Check out the letter that I sent them a few pages back. Within two weeks of sending that letter, they deleted from all three CRA's.

LVNV is messing up people credit file complaints
So that they can be investigated.

This company has sent me a collection notice I responded “I have no knowledge of this account” they sent me to another collection company and I responded the same now they have sent me to another collection company. None of the three company’s have informed me of what this account is for they just keep passing me on to the next. What can I do and what is the statutes for a debt in CA.

Received a letter from an attorney from Kentucky stating that we are be sued by this company. This company has never contacted us. On the summons there is no account number only a dollar amount. If there was an account why is there no account number and why didnt this company contact us themself. This is a Providian Financial Corp. Then on my credit report there is nothing there to state this company has any right to us. What this company closely.