How can i deal with account charged off and sold to lvnv funding llc?

"Written off" means that the debt has been considered a bad debt and has been "charged off" by the original creditor and sold off to a collection agency. LVNV is a collection agency who has purchased the debt. I think that you should first send a debt validation letter to LVNV funding and try to settle the debt for less if they can validate your debt. Now, since the account has already been charged off, it is not possible to remove the negative mark from your credit report. However, if you do not pay it off, the creditor can bring a judgment against you to recover the same, and once judgment gets listed in your credit report, your score may get adversely affected.

You do need to send a debt validation letter, because LVNV can get nasty.

The purpose is to find out if they actually are legally the ones to be collecting on the debt the amount is correct, etc. Don't expect to receive a validation back from them,though. They are well know for not doing this. I have worked with many of their dba's, and no validation.

Keep copies of all correspondence done by you, or them. Send everything to them certified, return receipt. Alot of times, they will just pass it to one of their other companies. If you do decide to pay them or whoever, get it in writing that it will be paid in full, and no blance owed sold to another CA, or whatever terms you decide on..Good Luck..karen

I agree, be very careful with LVNV. they are pretty ruthless, i am currently working with one of their many sectors.. actually i requested validation and they dissapeared but i know they will eventually be back.