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Question about LVNV FUNDING LLC & PORTFOLIO RECOVERY

Date: Sun, 01/24/2010 - 19:54

Submitted by darksyns
on Sun, 01/24/2010 - 19:54

Posts: Credits: [Donate]

Total Replies: 2


Hi all, I'm really confused with this one and any information would help. I recently looked at my credit report and I have these 2 CA's on it. I also have the 2 credit card companies as well (Credit One and HSBC). I was looking over it and I noticed that Credit One and LVNV have the same account number as well as HSBC having the same account number as PR.

Both have been charged off as bad debts. My question(s) are: Do I have to all four? If not, can I call the original creditor and still pay them or do I have to pay the CA.

I hope this is enough information. If not, just tell me what you need and I'll provide it.

Thanks in advance for all the help.

Sean


If the original creditor has sold the account to the collection agency, it might not be interested in dealing with you anymore, which means that you now have to contact the CA to pay it off.

However, before you get into any payment plan with the collectors, you may search the forums to learn more about both LVNV and Portfolio Recovery.

Hope it helps.


lrhall41

Submitted by SC on Mon, 01/25/2010 - 03:11

( Posts: 3937 | Credits: )


I would call the Original Creditor first and ask them if they still hold the account. If not, move to the next one and ask them. If the creditor has sold the account, they will tell you they do not have that account or any record of it and will not even discuss it with you.

In the context of negotiating, you can more often than not get a better settlement with a debt collector than the original creditor.


lrhall41

Submitted by AnyaR on Mon, 01/25/2010 - 10:13

( Posts: 46 | Credits: )