Lvnv
Date: Thu, 05/13/2010 - 16:11
Defaulted on 2 credit card loans...sigh ïŒ. I’m ready to move forward with payment plans or a settlement, however, I need to find out who owns the debts. I tried working with one CA, but they said in 6months the loan will be resold to another CA?! Huh??!! The original debt was sold to LVNV who uses a third party CA to collect, but if they are just going to turn over the debt in 6months to another company why start the payment agreement with them. I did ask for LVNV’s information but the CA REFUSED to give it to me. So I mailed them a validation letter request. I just want to settle these debts with the correct agency, but don’t know to whom????
If the CA has mentioned that the account is going to be resold t
If the CA has mentioned that the account is going to be resold to another CA in six months, then it would be wise not to start a payment plan with them. Just wait for the new collection agency to contact you about it. You can then follow the process of dealing with a third party CA and negotiate a settlement with them.
