LVNV Funding LLC: What to do if you find them on your credit report

I have heard that once a debt buyer purchases the account, they become first party collector they become the owner of the account, hence can bring legal action against the debtor.

curlycarl,

No. Under the fdcpa a debt purchaser is the same as a third party collector. Yes, they can sue, but most often cannot produce any evidence.

I too just found them on my credit report. Since I have not recieved anything from them it was quite a shock. What are the federal laws concerning the 7 year statues? You had mentioned something about activity on the account. Activity by whom? Thank- you for any imput you can give me...Chell

DOL: date of last activity is the date when you made the last payment for this account SOL clock starts from this date. Every state has its specific statutes of limitation. So you have to check when the account will be declared uncollectible legally. You can check this thread also-

http://forums.debtc c.com/forums/sol-info.html

To Whom it May Concern,

My credit rating was negatively affected by your entry to the 3 National Credit Bureaus. My dispute with you is that I didn't have a account with Sears in 2003. This is false information reported on my account. The account ifformation that I recieved is:
Date opened - 06/2003
Account # - xxxxxxxxx
Type - Installment
Credit Limit - $2,584
This has to be someone else's account, because I haven't dealt with Sears in over 15 years. Please check this out and remove it from my credit reports. You can contact me at:


P.S. I don't want to take any legal actions on this, however; I need a reply this week.

Thank-you,
John A. Bost, Sr.

The last 4-digits of my SS: xxxx

Your account #, home phone & address and your SS # deleted for your safety-Mike

John, you have to send this letter to the credit bureaus through certified mail with return receipt requested. Otherwise it won't work. Hope you understand.

Also do not disclose your personal information in any open forum; any one can use it fraudulently. Thanks Mike for helping John protect his privacy.

Hello! I just received a settlement offer from LVNV funding LLC and the addresses you listed does not even come close to what they have for me...I have FMS INC PO Box 707600 Tulsa, OK 74170-7600.. And i really don't know where the debt is coming from..And also is there an email for them cause I am in the military and stationed in IRAQ..

Hi Josh,

Thanks for updating the address. You can search for them with BBB website to get a correct email address.

However, as you have their address, send them letters too because snail mails are good for evidence.

I notice the same thing. Did you get any resolution

i just found this on my credit report. i have never heard of them. its always something!