LVNV
Date: Sat, 07/28/2007 - 09:08
Hi everyone! My boyfriend and I have been battling his old debts for a couple years now-Years ago his mother needed new furniture but hd bad credit, so my boyfriend opened up a Rotman's furniture account of his own so that she could use it. Well, years later-she never paid it as she said she would. Also, when my boyfriend was 18 or 19 he opened up a NordickTrak Fitness account as well as one more account. These he never paid off because he "didn't understand credit then"-which most likely was true s he was young and foolish.
At any rate these debts are coming back now to haunt him. His mother still cannot pay and he has been contacted by a Daniels Law Office in Boston, MA-on behalf of L.V.N.V Funding L.L.C....wanting to collect these debts (which they have bulked into two accounts. Because his credit has been ruined for years obviously- I gave to him to pay off the debts. This law firm on behalf of LVNV agreed on two smaller settlements for these two large amounts. We received letters to pay the designated amounts and that "once these two amounts were paid the issue wouls be finally resolved-also that the IRS has been notifed of the debt discharges.
My question is.....since we did all this right away, was it unwise to not have debt validation letters sent out to us first? 2. Can we still have these documents sent out to us? 3. Is it possible that although this matter will have been completely settled and the IRS notifed could he be charged again later? We have copied of everything-we even paid using certified bank checks.
-How long will it take for these charges to be wiped of his record as well???
Thanks everyone so much this is truely difficult for anyone.
At any rate these debts are coming back now to haunt him. His mother still cannot pay and he has been contacted by a Daniels Law Office in Boston, MA-on behalf of L.V.N.V Funding L.L.C....wanting to collect these debts (which they have bulked into two accounts. Because his credit has been ruined for years obviously- I gave to him to pay off the debts. This law firm on behalf of LVNV agreed on two smaller settlements for these two large amounts. We received letters to pay the designated amounts and that "once these two amounts were paid the issue wouls be finally resolved-also that the IRS has been notifed of the debt discharges.
My question is.....since we did all this right away, was it unwise to not have debt validation letters sent out to us first? 2. Can we still have these documents sent out to us? 3. Is it possible that although this matter will have been completely settled and the IRS notifed could he be charged again later? We have copied of everything-we even paid using certified bank checks.
-How long will it take for these charges to be wiped of his record as well???
Thanks everyone so much this is truely difficult for anyone.
The debt has been charged off which means that you know longer a
The debt has been charged off which means that you know longer are responsible to the original lender. The "Law Firm" has most likely purchased it for pennies on the dollar. Send them a debt validation letter pursuant to the Fair Debt Cllection Practices Act. You can find a template on this site to use for a guide. Just go to the searc box above and type in Debt Validation Letter. You will find a couple of them. Take the best from both of them. When was the last time a payment was made on these accounts if at all. If never when was the last time the account was used? The Statute of Limitations may have expired on it.
