Looking for some information...
Date: Thu, 08/16/2007 - 17:35
Let me start by apologizing for the number of questions I'm about to ask.
So... I had a bad history of not paying bills until they were quite past due. However I have been doing well for the last year.
I'm looking to buy a house, and need to start clearing my listings up.
My credit scores range from 522 to 622.. That's quite the range.
I have a collections account listed from lvnv funding llc (and that’s the only negative thing on my report other than the original debit they purchased).
They keep updating the information on my report over and over...
Is the constant reporting kosher?
Is this likely to keep resetting the SOL on the debit?
I am planning on sending them a request for validation letter. If they do not reply in 30 days, can I send that to the bureaus to have the listing removed?
If they do respond is it usually possible to reduce the amount owed? And one pays the reduced amount, how well does that appear on your report (is it likely to make my report noticeably better?)
Any help would be appreciated!
So... I had a bad history of not paying bills until they were quite past due. However I have been doing well for the last year.
I'm looking to buy a house, and need to start clearing my listings up.
My credit scores range from 522 to 622.. That's quite the range.
I have a collections account listed from lvnv funding llc (and that’s the only negative thing on my report other than the original debit they purchased).
They keep updating the information on my report over and over...
Is the constant reporting kosher?
Is this likely to keep resetting the SOL on the debit?
I am planning on sending them a request for validation letter. If they do not reply in 30 days, can I send that to the bureaus to have the listing removed?
If they do respond is it usually possible to reduce the amount owed? And one pays the reduced amount, how well does that appear on your report (is it likely to make my report noticeably better?)
Any help would be appreciated!
Why are they reporting on your credit report? Have you verified
Why are they reporting on your credit report? Have you verified their purpose of reporting? Remember collection entries are most derogatory remarks. If they are having a fraudulent purpose, you must consult an attorney and take legal actions against them.
Under the FCRA laws, all items must have accurate reasons of being reported by the data furnishers. If you are not aware of this item, highlight it and request the bureaus to conduct an investigation with LVNV Funding. They will verify the item and remove if it is found incorrect on your file.
