scavenger collector

They certainly can be considered scavengers. What is the situation? What company / who did they buy it from / what is the balance / how old is it / what are they doing to try to collect it?

Is it yours? Pay it. If not then take steps that they don't contact you. A debt doesn't go away just because it isn't listed on your credit report.

The debt was bought by LVNV and they have "hired" an collection attny Frederick J Hanna from Marietta GA to collect on it. From my research, they have no legal claim since there is no contract between me & LVNV. They are claiming that I owe $4200 bu will settle for $3100. I have ask them to validate the debt but all they sent was another letter stating that I owe the debt. I am not disputing the original debt, but the original creditor is not party to this, or are they? They state in their letter to pay the $3100 or a suit will be filed. The debt went bad in 2004.

Well then it's time to get your ducks in a row. Keep all copies of debt validation letters that you have mailed to them. Since the debt is only 2 years old it soulds like it might be within the SoL and they can gain a judgement against you should it be yours.

I have a debt with LVNV and they hired an outside agency to get the debt collected. Fortunatly for me it's not on my credit report ot within the SoL. The only reason it is still a debt is because they won't even tell me what it is for. I've tried to get it validated but still nothing. I had somehtings a few years back on my credit report that were not mine. If they would just tell me what it is for I wouldn't have a problem with trying to get it cleared.

But,why do I have any legal obligation to pay them anything? LVNV bought the debt. So what? I have no contract with them. This is so confusing. Are they hoping that I cave in to their demands? Unless they get a judgment against me, I'm not paying them anything.

Let's just say the debt is a credit card or a phone bill. LVNV collects a lot of those.

Did you use the credit card? Do you still have things you purchased with it? Then you need to pay for the things you took reguardless of who owns the debt. You took it you need to pay for it.

If it was a phone bill. did you make any calls? enjoy the convienience of having it avaliable and then not pay for it when the bill came do? You need to pay for what you used.

Those are just examples. You have a legal obligation to pay back what you took. Not paying for things you used or took isn't a way you want to live your life.

This is not a moral issue. It's a legal one.
I DO NOT owe LVNV. I owe Best Buy. They made a business decision to extend credit to me. Yes, I defaulted on the card. But, the amount of merchandise was barely $1,000. Interest & late fees added to my balance. I tried making amends with them, but after they got to charge off the debt as a tax write off and sold the debt, they would not take any money from me. It's down right extortion to buy a debt at pennies on the dollar and then threaten someone into paying. Outfits like LVNV take a gamble just like retailers that extend credit. They buy thousands of accounts and prey on uninformed consumers then reap monstrous profits. Is that the way THEY should live THEIR lives?

This is not a moral issue. It's a legal one.
I DO NOT owe LVNV. I owe Best Buy. They made a business decision to extend credit to me. Yes, I defaulted on the card. But, the amount of merchandise was barely $1,000. Interest & late fees added to my balance. I tried making amends with them, but after they got to charge off the debt as a tax write off and sold the debt, they would not take any money from me. It's down right extortion to buy a debt at pennies on the dollar and then threaten someone into paying. Outfits like LVNV take a gamble just like retailers that extend credit. They buy thousands of accounts and prey on uninformed consumers then reap monstrous profits. Is that the way THEY should live THEIR lives?

If LVNV bought the debt to Best Buy then you legally owe them. Best Buy sold the contract that you signed to pay them back in a timely fashion. In that contract you agreed to each fee that was listed to your account.

Student Loans get sold all the time. Just because it changes hands, usualy several times before it's paid doesn't mean that a person doesn't have to pay for the money they took to go to school because they are paying a different company now.

LVNV is just one of the many companies that creditors look for to make a porition of their money back that they loose on people who don't pay for things they took.

And it is a moral issue and a legal issue. Maybe you should write to LVNV and tell them that you will at least pay for the products you purchased and see if they will agree to remove the mark from your credit report. Charged off credit cards isn't somehting you want hanging about anyway. Because you might not care right now but in 3-5 years you might when wanting to buy a home or a new car or wanting to try your hand at getting another credit card when you are on a more financialy stable footing.