LVNV Funding

Date: Fri, 05/06/2011 - 14:00

Submitted by tigergirl215
on Fri, 05/06/2011 - 14:00

Posts: 7 Credits: [Donate]

Total Replies: 3

I just received a letter from this company about an old Sears account that is at least 8 or 9 years old possibly even 10. The are offering a settlement of 167.00 even though it says I owe 1100.00.. do I pay this or not? I do not want to be sued by this company..

I doubt you will be sued....because if it is 8+ years old, it is

I doubt you will be sued....because if it is 8+ years old, it is likely out of SOL. But, you should send the company a debt validation letter if you like. But it is too old for it to be placed on your credit reports, so be careful before you do pay this.

lrhall41

Submitted by goldenbast on Fri, 05/06/2011 - 19:35

( Posts: 2884 | Credits: )

If the SOL has expired, you have a legal defense against any leg

If the SOL has expired, you have a legal defense against any legal action they might take,. If it has additionally been more than 7 years plus 180-days from the DOFD on the OC account, if they report it to a CRA, it cant appear in your CR.
Expiration of neither of those dates prevents them from continuing to conduct collection activities.
If you are sure that those two dates have passed, you can just send them a cease communications letter under FDCPA 805(c), and forget about them.

lrhall41

Submitted by Lian on Sat, 05/07/2011 - 02:55

( Posts: 234 | Credits: )

This company sued me before but it was within 2 years of charge

This company sued me before but it was within 2 years of charge off and the balance was 7500.00 , this is the first time in 3 years I have even received anything about this debt...I will send a debt validation letter. It hasnt been posted on my credit report in the last three years.

lrhall41

Submitted by tigergirl215 on Sat, 05/07/2011 - 09:35

( Posts: 7 | Credits: )