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Creditors Financial Group "taking action"

Date: Mon, 09/21/2009 - 21:34

Submitted by mr.cali
on Mon, 09/21/2009 - 21:34

Posts: 51 Credits: [Donate]

Total Replies: 28


I received a phone call from Creditors Financial group on 9/11 from someone identifying herself as Ms. Leitner and it was important that I return her call at 877-298-2251. I was away for the weekend and listened to the message late Monday night. I called first thing Tuesday morning to see who called and she stated that she was from CFG and was trying to collect on a Orchard bank card. I told her that I have never had a card from Orchard so she said they were also known as HSBC. I explained that I hadn't heard of the company and needed to check my credit report first.
She said that was fine and let me know that she was collecting for LVNV Funding and to call her back later in the day. I checked my report and LVNV was listed as a collector for the HSBC CC. It was current last in 6/08 when I lost my job and needed to use my money for rent etc.
Ms. Leitner called on Wednesday during the day on my home phone and asked that I contact her as agreed for payment arrangements and to discuss the debt. I received a letter from them in the mail on Wednesday stating that they were collecting for LVNV and that I had 30 days to dispute the debt, so I didn't call her. She again called on Friday, stating that because I failed to setup payment arrangements as agreed (What agreement??) she was going to pass this along and wished me good luck with the debt. I still have 23 days to ask for validation, right? Should I have contacted her and asked for validation or did I do the right thing and not answer? I do have the messages left on my answering machine downloaded to my blackberry in case the answering machine gets erased.
Anyone have any info for this company? I do want to pay my cc but am currently paying off another at 450.00 a month and don't have the funds available to pay another at this time.
thanks


I received a response to my validation request from Resurgent Capital Services today even though I sent the original one to Creditors Financial Group.
Previous creditor: HSBC/Orchard Bank
Curent Creditor: LVNV Funding LLC
Account # xxxxxxxxxxxxxxxx
Balance 1317.96

Dear Mr. Cali
This account has been placed with Resurgent Capital Services L.P.
Enclosed please find an original Validation of debt that verifies the debt.
If you have any further questions, please contact our Customer Service Representatives at 888-665-0374
On the Validation part of the letter, it reads:

Validation of Debt
October 1, 2009
Mr. Cali

As of the date of this comminication, you owe 1317.96 on account #xxxxxxxxxxxxxxxx which is now owned by LVNV Funding LLC. Should you desire to pay off the account in full, you should contact us at 1-888-665-0374 to determine the payoff balance as interest, credits, fees, and/or other premissible charges can continue to cause your account balance to vary from day to day.

Is this really all they need to say for the debt to be validated? Should I contact them and setup a payment arrangement or request more proof?
Any help would be appreciated.


lrhall41

Submitted by mr.cali on Mon, 10/05/2009 - 19:46

( Posts: 51 | Credits: )


I received a letter from Resurgent Capital Services today at my new address which I haven't given out to anyone, not even my employer as my G/F doesn't want the letters going there. (Not sure how they got the new address) anyway, the letter states that "
they have been unable to contact me to discuss the account and if they are unable to contact me within 21 days from the date of this letter, active collection efforts will resume on your account. Please feel free to contact us so that we may update your contact information and assist you in resolving this account.
Now it seems to me that if they have my mailing address, isn't that establishing contact? Should I send them a DV letter also with my address and request them to only contct by mail?
Thanks


lrhall41

Submitted by mr.cali on Tue, 10/20/2009 - 07:53

( Posts: 51 | Credits: )


I received a letter from Resurgent Captial services yesterday after I had sent them a DV letter. They stated that they would not contact me as per my request (my request was for USPS contact only) and it was now turned over to LVNV Funding. They included the same verification as before:

Validation of Debt
October 26, 2009
Mr. Cali

As of the date of this comminication, you owe 1332.96 on account #xxxxxxxxxxxxxxxx which is now owned by LVNV Funding LLC. Should you desire to pay off the account in full, you should contact us at 1-888-665-0374 to determine the payoff balance as interest, credits, fees, and/or other premissible charges can continue to cause your account balance to vary from day to day.

So do I now send a Dv letter to LVNV and see what happens? I know I owe someone the money from the credit card but want to make sure that the right place gets paid so this will be over with. As they really haven't threatened me or called constantly, would a lawyer still take this case and work off of a contingency?


lrhall41

Submitted by mr.cali on Thu, 10/29/2009 - 11:43

( Posts: 51 | Credits: )


Quote:

Originally Posted by mr.cali
I received a letter from Resurgent Captial services yesterday after I had sent them a DV letter. They stated that they would not contact me as per my request (my request was for USPS contact only) and it was now turned over to LVNV Funding. They included the same verification as before:

Validation of Debt
October 26, 2009
Mr. Cali

As of the date of this comminication, you owe 1332.96 on account #xxxxxxxxxxxxxxxx which is now owned by LVNV Funding LLC. Should you desire to pay off the account in full, you should contact us at 1-888-665-0374 to determine the payoff balance as interest, credits, fees, and/or other premissible charges can continue to cause your account balance to vary from day to day.

So do I now send a Dv letter to LVNV and see what happens? I know I owe someone the money from the credit card but want to make sure that the right place gets paid so this will be over with. As they really haven't threatened me or called constantly, would a lawyer still take this case and work off of a contingency?



This is validation of nothing. I have a handful of those papers laying in the file cabinet in the office here. They'd send me one of those crap letters, I'd hit them with a demand for validation, then LVNV would pull it back and send it somewhere else. Lather, rinse, repeat.

If they can't produce something from the original creditor that shows how the numbers originated, along with a contract with your signature, then they've got nothing. They will likely pull it from Resurgent, and send it on to another of their shell companies. The trick here, as Paul noted, was to DV both Resurgent and LVNV. That should (a) keep Resurgent from being a pain, and (b) keep LVNV from passing it to another shell company.

So you'll know, LVNV, Sherman, Resurgent, MRS Associates, and about a dozen others are all tied together in a big spider-web arrangement. Each of the larger shell companies listed has control of, or arrangements with, other, smaller companies. They've used this scheme to evade the FDCPA for years. Stick to your guns. If they were going to validate, they would've done it by now.


lrhall41

Submitted by unclewulf on Sat, 10/31/2009 - 08:10

( Posts: 3172 | Credits: )


Hey All,
Thank you for the excellent advise that I have been given on this website. All the members are great.
I am getting ready to send out the Dv letter to LVNV funding today but wanted to clarify something about the letter.
As per the FDCPA, what is required in their response? I have seen multiple Dv letter floating around and want to make sure what I am requesting is something that they must prove. Here is a quick sample of what I am wondering about:
What the money you say I owe is for;
Explain and show me how you calculated what you say I owe;
Provide me with copies of any papers that show I agreed to pay what you say I owe;
Provide a verification or copy of any judgment if applicable;
Identify the original creditor;
Prove the Statute of Limitations has not expired on this account
Show me that you are licensed to collect in my state
Provide me with your license numbers and Registered Agent
Do they really need to answer all of these questions in the validatin letter per the FDCPA law?
Thanks to everyone for their time


lrhall41

Submitted by mr.cali on Tue, 11/03/2009 - 10:44

( Posts: 51 | Credits: )


Just an update on LVNV Funding. I contacted a lawyer today that specialisis in Debt Law and he asked that I send him all relevant information that I have to him. I faxed over 15 pages with my credit report, the letters I have received from them and sent along with an explaination of how they are changing the collectors around. I am waiting to hear back from him. I did notice that besides the original ding to my report that LVNV put there, there has been 2 hard inquiries on my report from their associate companies. Can they keep dinging my credit by passing it around to their various partners and doing hard inquiries? this is really getting depressing to try and pay off my over due accounts and see my score go down because these people don't want to validate anything.


lrhall41

Submitted by mr.cali on Wed, 11/04/2009 - 16:29

( Posts: 51 | Credits: )


I have read this entire thread and these are some of the fears I have. I am ready to start working to settle after 2 years and a few months without paying any creditors. I have recieved 2 offers one 70%(inflated ballance) and one for 40% (correct ballance) and I countered with 15% with letters. After reading all this I think I will wait for thier responses and send in a Debt verafication letter. I don't think they will bite on my offer anyway, but if they do I will do the DV anyway to ensure thier rights to collect.
Thanks for the info.


lrhall41

Submitted by John Paulson on Mon, 11/09/2009 - 20:08

( Posts: 2 | Credits: )


Hi all,
I still haven't heard back from LVNV Funding but today I received a 3 calls from 866-890-1644 all within a hours time. I am at work so was unable to take the calls but after looking up the phone number, it appears to belong to a Richard J. Boudreau & Associates. As this is the only debt that I haven't started settling with, I can only assume it is why they are calling me. They have not left a message not have they called again since the last call in the morning.
Any advice on if I should answer the phone and talk to them or wait until I receive something from them in the mail. Has anyone had any luck when they have spoken with them? From what I have seen in this forum and on the internet, they are vicious collectors. All I want is for someone to validate the debt so I can start paying. Seems like that is too much to ask of LVNV Funding.
Any help is appreciated.


lrhall41

Submitted by mr.cali on Thu, 12/17/2009 - 14:03

( Posts: 51 | Credits: )


Quote:

Originally Posted by mr.cali
Hi all,
I still haven't heard back from LVNV Funding but today I received a 3 calls from 866-890-1644 all within a hours time. I am at work so was unable to take the calls but after looking up the phone number, it appears to belong to a Richard J. Boudreau & Associates. As this is the only debt that I haven't started settling with, I can only assume it is why they are calling me. They have not left a message not have they called again since the last call in the morning.
Any advice on if I should answer the phone and talk to them or wait until I receive something from them in the mail. Has anyone had any luck when they have spoken with them? From what I have seen in this forum and on the internet, they are vicious collectors. All I want is for someone to validate the debt so I can start paying. Seems like that is too much to ask of LVNV Funding.
Any help is appreciated.


i would send them the same DV letter.as usual send i certified mail return receipt.the address

richard j. boudreau & associates LLC
5 industrial way
salem nh, 03079
ph#603-890-1644
tf#866-890-1644

get the letter out asap.they are a bottomfeeder that lvnv gives debt to after someone requests validation.


lrhall41

Submitted by paulmergel on Fri, 12/18/2009 - 06:30

( Posts: 15514 | Credits: )


On 12/29/09 I was able to take the call from the Law offices of Richard J. Boudreau and Assoc. The guy I spoke said that he was calling from the law office and wanted to know how I wanted to pay my HSBC account off. I said that I didn't know who this law office was and he said that they were working for LVNV Funding attempting to collect on the HSBC debt. He asked if I had ever had a CC from HSBC and I told him yes, I had. He asked how I wanted to pay it and I told him that I had never heard of them before answering the phone. He asked if I had received their letter and I told him no, I had not received anything from them. He said that they would send it out that day and would be expecting a call from me once it was received. He verified my mailing address and name.
Jump forward to today. I still have not received a letter from them but did get a call on my cell. I wasn't able to answer it but wanted to know if I should send a DV letter or wait until I get a letter from them before I send it out, CMRRR.
I am in Calif. and I know they are located in NH.
Any help would be appreciated.


lrhall41

Submitted by mr.cali on Mon, 01/04/2010 - 10:11

( Posts: 51 | Credits: )