Reply
New Member
acctgirl
Posts: 3
Registered: ‎09-29-2007
0

Re: ByeBye LVNV!!!

I would love to know what you said to BBB also?  I am dealing with this and it just caused us to have to delay our closing that was scheduled for Friday! : (

 

Frequent Contributor
beanie7132
Posts: 266
Registered: ‎02-20-2013
0

Re: ByeBye LVNV!!!

I think I got everyone who asked - If I missed anyone, or someone else would like the info, please send me a PM.
Member
togolai
Posts: 6
Registered: ‎04-23-2013
0

Re: ByeBye LVNV!!!

Hi beabie7132,,

Congratulations on your success. Would you please share what you said?

Thanks.


Starting Score: 540
Current Score: 604 EQ FICO, TU Vantage 754 , EX Plus 675
Goal Score: 700 FICO


Take the myFICO Fitness Challenge
New Contributor
poohda23
Posts: 64
Registered: ‎02-06-2012
0

Re: ByeBye LVNV!!!

Can you send it to me as well?  I really need them gone.

Member
Aphrodite
Posts: 6
Registered: ‎04-20-2013
0

Re: ByeBye LVNV!!!

Can you also send me the info. They have picked up debt from 2006 and are treating this as an installment loan.  I  would appreciate the help.

New Member
Sky505
Posts: 1
Registered: ‎04-27-2013
0

Re: ByeBye LVNV!!!

I am having the exact same issue with the scandalous company!! Could you message me a copy of your letter as well! I would really appreciate it!!! Thanks!
Established Member
rnorred
Posts: 11
Registered: ‎02-26-2013
0

Re: ByeBye LVNV!!!

I would like a copy of the letter as well, please!  They have picked up a JCP charge off and are reporting that I owe $1500 when the account was sold to them for $400!

Member
exleyfam
Posts: 30
Registered: ‎04-22-2013
0

Re: ByeBye LVNV!!!

Just got an email from the BBB about my complaint with LVNV! Its being DELETED!!!!!!!!!!! :smileyhappy:

4/23/2013 TU FAKO (CK) 610
4/26/2013 TU (Pulled by car dealer) 569
4/29/2013 EX FAKO (CreditSesame) 610
Established Member
rnorred
Posts: 11
Registered: ‎02-26-2013
0

Re: ByeBye LVNV!!!

[ Edited ]

It didn't go so well for me!  Received this answer to my complaint today:

 

 

May 6, 2013

 

 

Modcut

 

 

RE:

Original Creditor: General Electric Capital Corporation

Current Owner: LVNV Funding LLC

Account Number: xxxxxxxxxxxx

Reference Number:

Current Balance: $1,508.84

 

Dear xxxx:

 

This letter is in response to your correspondence dated April 29, 2013 regarding the above referenced account. LVNV Funding LLC (“LVNV”) currently owns the account number ending in 3299. Resurgent Capital Services L.P. (“Resurgent”) is the servicer of the account owned by LVNV. The account was previously sold by General Electric Capital Corporation (“GE Capital”) on or about April 29, 2008. As of the date of this communication, the account balance is $1,508.84. Please review the following account information:

 

  1. This account originated on April 29, 2007 and was opened with JC Penney Consumer (“JC Penney”).
  2. This account charged off on April 4, 2008 with a balance of $530.93.
  3. No payments have been received on this account since Resurgent started servicing it in April 2008.

 

All rights to collect were transferred to LVNV when this account was purchased from the previous creditor. Therefore, this account is being reported to the three major consumer reporting agencies. The original creditor also retains the right to report the history of this account from the origination date to charge off.

 

The first notification Resurgent received of Mr. Norred’s concerns regarding this account were addressed in an automated credit bureau dispute on April 10, 2013. Therefore, in accordance with the Fair Credit Reporting Act, the LVNV tradeline is being reported as “disputed” with the three major consumer reporting agencies. It will continue to report as such for the appropriate time period based upon the facts we have currently.

 

Furthermore, the consumer reporting agencies reporting guidelines have defined a “factoring company” as a company or individual who purchases accounts with the intent of collecting debts owed. Therefore, the term is accurate in this situation.

 

If, after review of the above referenced information, Mr. Norred believes this account is fraudulent, we would ask for a completed police/incident report regarding the fraud, or a notarized fraud or identity theft affidavit in order to help us resolve this matter. Blank forms are available at the FTC’s website: http://www.consumer.ftc.gov/articles/pdf-0094-identity-theft-affidavit.pdf. If this account was paid or settled in full, the settlement offer, cancelled check(s), and/or confirmation of payment in full would help us resolve this complaint. In addition, if Mr. Norred has any correspondence to/from GE Capital and/or JC Penney concerning his dispute, it may help with our investigation, so please have him forward it to:

 

Compliance Department or Fax: 866-467-0918

MS 250

P.O. Box 10497

Greenville, SC 29603

 

If you have any further questions, comments or concerns, please contact Customer Service at 888-665-0374.

 

Sincerely,

 

 

 

xxxx

 

 

And my response was a rejection as follows:

 

 

Better Business Bureau:

I have reviewed the response made by the business in reference to complaint ID xxxx, and have determined that this does not resolve my complaint.

The response supplied by Resurgent Capital Services, concerning my complaints against LVNV Funding appears to be a computer-generated form letter offering little more than an amount and a date concerning the alleged debt. I do not understand how this company can claim to be collecting a legitimate debt when they cannot provide any evidence to support the claims that a) this debt is a legitimate debt, b) proof that LVNV Funding has permission to collect this debt, c) they have provided previous verification of this debt), and d) that Resurgent currently possesses any documents of this debt.

Since this company has failed to provide any evidence of the claims made in their response, I am led to believe that neither LVNV Funding or Resurgent Capital Services possesses adequate documentation to collect this alleged debt. In order to provide proof that a) this deb tis legitimate, and b) they have the right to collect this debt, I am requiringthe following documentation as proof:

1. The original contract including mysignature

2. All monthly statements from this accountfrom the day it was opened with the original creditor until it was assignedwith LVNV Funding

3. Contract between GE Capital and LVNV Funding for this account, granting them ownership of this account

4. The monetary amount for which LVNV purchased this account from GE Capital.

5. Day-by-day breakdown of the charges,interest, and fees that LVNV Funding and/or Resurgent Capital Services has added to the account since it purchased the account.

6. Contract between Resurgent Capital Services and LVNV Funding that provides Resurgent with the ability to collecton this account.

Until the documentation requested in this letter is provided, I can only assume that this debt does not exist and a clerical error has occurred. In addition, until this documentation can be provided, I want this account removed from all three (3) credit reports immediately.

Thank you for your help in resolving this matter.

 

What do you think my chances are??

 

edit bywebhopper

Member
exleyfam
Posts: 30
Registered: ‎04-22-2013
0

Re: ByeBye LVNV!!!


I dont know. LVNV/Resurgent doesnt legally have to provide you with most, if any, of the information you are asking them to send you to verify. What did you say in your original complaint? When is LVNV supposed to fall off your credit report?

4/23/2013 TU FAKO (CK) 610
4/26/2013 TU (Pulled by car dealer) 569
4/29/2013 EX FAKO (CreditSesame) 610

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}