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LVNV Funding...???

Date: Sat, 07/14/2012 - 12:46

Submitted by anonymous
on Sat, 07/14/2012 - 12:46

Posts: 202330 Credits: [Donate]

Total Replies: 3


I just checked my credit report and found two entries I am not familiar with. First, LVNV Funding, shown to have been opened in Nov 2006 as a personal loan, with a high balance of $8973.00 and a remaining balance of $13408.00. Not only do I not recognize LVNV Funding, but I am not aware of a debt in the amount reported. I haven't received phone calls, letters or any type of communication from this company. I live in SC and hope to find a quick resolution to this issue. My credit score is much lower than it was a year ago. I can only assume, but my assumption is LVNV Funding has something to do with that. What do I do now?

Thanks for any help offered.


I have had a charge off. From what I've read here, LVNV buys uncollectible debt, which intentionally causes harm to themselves. I read the statute of limitations information from a link found in one of the posts. I live in SC where the SOL is 10, 10, 3, 3. I stopped paying the debt that was later charged off in 2005. LVNV established the account in November 2006. I do not really understand the SOLs, but hope the 3 years applies to my situation. If so, will the SOL letter have any affect?

Again, thank you for any help anyone offers.


lrhall41

Submitted by anonymous on Sun, 07/15/2012 - 06:59

( Posts: 202330 | Credits: )


Quote:

I have had a charge off. From what I've read here, LVNV buys uncollectible debt, which intentionally causes harm to themselves.

They buy very collectable debt...and they make a lot of money.

Quote:
I read the statute of limitations information from a link found in one of the posts. I live in SC where the SOL is 10, 10, 3, 3. I stopped paying the debt that was later charged off in 2005. LVNV established the account in November 2006. I do not really understand the SOLs, but hope the 3 years applies to my situation. If so, will the SOL letter have any affect?

What type of debt do you have?
The reporting SOL should be over or almost over based on a 2005 charge off.


lrhall41

Submitted by SOAPLADY on Sun, 07/15/2012 - 07:13

( Posts: 17315 | Credits: )