topic Re: LVNV multiple Tradelines best approach in Rebuilding Your Credit

LVNV multiple Tradelines best approach

KnewBee — Sat, 13 Oct 2012 01:28:23 GMT

Hello, I have more than TL from LVNV with different OCs. For the purposes of dv letters, settlement attempts, disputes to how they are reporting them etc. is it best to treat each TL individually or treat it as one account since it is all the same JDB? I am guessing something like a dv letter is probably best to treat each TL separately, but any cases where you treat it as one? I.e. more leverage in a settlement attempt?

Hope this makes sense. Thank you!

Re: LVNV multiple Tradelines best approach

Shogun — Sat, 13 Oct 2012 04:34:18 GMT

If you try to settle, there's nothing wrong with bundling them all together and making an offer.

Re: LVNV multiple Tradelines best approach

rckstrscott — Sat, 13 Oct 2012 06:13:25 GMT

KnewBee wrote:
Hello, I have more than TL from LVNV with different OCs. For the purposes of dv letters, settlement attempts, disputes to how they are reporting them etc. is it best to treat each TL individually or treat it as one account since it is all the same JDB? I am guessing something like a dv letter is probably best to treat each TL separately, but any cases where you treat it as one? I.e. more leverage in a settlement attempt?

Hope this makes sense. Thank you!

How old are these trade lines?

LVNV is notorious for being flightly and loose with the law.. You might be able to gain leverage to compel deletion from them..

-scott

Re: LVNV multiple Tradelines best approach

KnewBee — Sat, 13 Oct 2012 11:10:02 GMT

They are all about 5 years old, but the way they are being reported they look like new accounts!

Re: LVNV multiple Tradelines best approach

NotIT — Wed, 17 Oct 2012 16:56:24 GMT

I am having a similar issue here... I have sent DV ltrs to no avail. However since I've sent 2 DV's with adequate time to respond, I've noticed a new "trend"... they keep "closing" the acct on my credit report, but I'll see a new "acct #" for the same exact amt listed as open for this month... this appears to be a constant cycle since my ltrs.

Also, every once in a while they seem to overlap and will show as 2 collections one opened last month and one this month.

LVNV is royally confusing as to how to handle, so I'm very interested in what anyone has to say about them. Below is how it shows on my report:

800-363-3115

PO BOX 740281

HOUSTON, TX 77274

Experian®

Equifax®

TransUnion®

Account Name

LVNV FUNDING LLC

LVNV FUNDING

Account #

XXXX

Account Type

Debt Purchase

Open Account

Open account

Balance

$627.00

$625.00

$627.00

Date Opened

9/1/2011

9/23/2011


Account Status	Closed	Closed	Open
Mo. Payment
Past Due	$627.00	$625.00	$627.00
Payment Status	Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department	At least 120 days or more than four payments past due	Collection account
High Balance		$603.00	$603.00
Limit
Terms	1 Month
Comments	Account in dispute-reported by subscriber	COLLECTION ACCOUNT	Account information disputed by consumer

Re: LVNV multiple Tradelines best approach

okdebtfighter — Wed, 17 Oct 2012 21:24:12 GMT

I found this forum while doing some research on lvnv. I have sent them request after request and they kept reaging the account and then they kept transfering it to another one of their companies.

They are trying to collect on a First Premiere Bank Visa that is 6 years old and another visa card. I found that both cards had arbitration clauses. I paid the money to invoke the arbitration and they never responded.

I filed suit last week against LVNV Funding and Resurgent Capital and Sherman Companies.

LVNV isn't new at this. There is currently a lawsuit that is pending against them for listing themselves as an "Orginal Creditor". They tried to have it dismissed and the courts ruled against them.

From my experience, the only thing that they have listened to is my court filing. All of a sudden I found myself saying... Can you hear me now?

The amount of debt I have is under $1000.00 total with them and it is out of the Statute of Limitations. They even told me it was past the SOL but they keep making it so it won't come off my credit.

Re: LVNV multiple Tradelines best approach

Shogun — Thu, 18 Oct 2012 00:53:39 GMT

The fact that it is past the SOL does not require the removal of it from your CR. The CRTP is 7 years + 180 days of the DOFD.