2 credit cards I stopped paying on 3 yrs ago due t
Date: Fri, 03/18/2011 - 11:32
Dale, Has LVNV contacted you in writing about these debts? If
Dale,
Has LVNV contacted you in writing about these debts? If so, you have 30 days to ask them to validate the debt, have you done this?
Yes did online certified letter on Saturday. My credit rpt on t
Yes did online certified letter on Saturday. My credit rpt on transunion even states my credit limit was $300.
Lates fees and interest can raise even a small balance way up es
Lates fees and interest can raise even a small balance way up especially in 3 year period.
And probably over limit fees too - until it charged off. Probab
And probably over limit fees too - until it charged off. Probably $100ish per month for 6 months, then it charged off. That's puts you at around $900. Sounds right.
[COLOR=black]LVNV probably bought the debt for around $20. I wo
[COLOR=black]LVNV probably bought the debt for around $20. I would force them to validate which they probably can not do. If by chance they can supply solid proof of debt then I would offer them at most 50% of the original debt after you subtract all the bogus fees or about $150 per each card. What ever you settle on, get it all in writing. LVNV are bottom feeders so keep an eye on your report for erroneous entries. Also, watch out for improper service and judgments.[/COLOR]